<div dir="ltr"><div class="gmail_default" style="font-size:large">David--I did a privately negotiated sale of a 7 figure property by a PR once where hostile persons (attorneys for mothers of underage beneficiaries) were beating drums in the background the whole time. The PSA for the negotiated sale had a clause that the property would be publicly marketed for 30 days. If no better offer were received then the private PSA would become final. If a better offer were received then it wouldn't. We felt it best to test the market as a protective position against the almost guaranteed claims that the PR undersold (which would have been made even if clearly not true). No better offer was received and the private sale went through. There were still allegations of impropriety, but no claim was ever lodged. </div><div class="gmail_default" style="font-size:large"><br></div><div class="gmail_default" style="font-size:large">Mark</div><div class="gmail_extra"><br><div class="gmail_quote">On Mon, May 23, 2016 at 4:50 PM, Heather deVrieze <span dir="ltr"><<a href="mailto:heatherd@westseattlelaw.com" target="_blank">heatherd@westseattlelaw.com</a>></span> wrote:<br><blockquote class="gmail_quote" style="margin:0px 0px 0px 0.8ex;padding-left:1ex;border-left-color:rgb(204,204,204);border-left-width:1px;border-left-style:solid">
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<p class="MsoNormal"><span style="color:rgb(31,73,125);font-family:"Calibri",sans-serif;font-size:11pt">David,<u></u><u></u></span></p>
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<p class="MsoNormal"><span style="color:rgb(31,73,125);font-family:"Calibri",sans-serif;font-size:11pt">My advice would depend greatly on the dynamics of the particular family, and which scenario the client intends to follow. If buying himself, I like to have a
“distribution agreement” incorporating some TEDRA language. If selling to a neighbor, and you are confident that it is fair value because a market analysis or appraisal has been obtained, I would be less concerned, but would advise the client to stay in careful
communication with other beneficiaries and let me know if there was a hint of a problem.<u></u><u></u></span></p>
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<p class="MsoNormal"><span style="color:rgb(31,73,125);font-family:"Calibri",sans-serif;font-size:11pt">Heather<u></u><u></u></span></p>
<p class="MsoNormal"><span style="color:rgb(31,73,125);font-family:"Calibri",sans-serif;font-size:11pt"><u></u> <u></u></span></p>
<p class="MsoNormal"><span style="color:rgb(31,73,125);font-family:"Calibri",sans-serif;font-size:11pt"><u></u> <u></u></span></p>
<p class="MsoNormal"><span style="color:rgb(31,73,125);font-family:"Vladimir Script";font-size:16pt">Heather S. de Vrieze</span><b><span style="color:rgb(31,73,125);font-family:"Calibri",sans-serif;font-size:16pt"><br>
</span></b><i><span style="color:rgb(31,73,125);font-family:"Garamond",serif;font-size:11pt">Attorney-at-Law<u></u><u></u></span></i></p>
<p class="MsoNormal"><i><span style="color:rgb(31,73,125);font-family:"Garamond",serif;font-size:11pt"><img width="264" height="147" alt="cid:image001.jpg@01D013C2.30F35160" src="cid:image003.jpg@01D1B513.376AB080"></span></i><i><span style="color:rgb(31,73,125);font-family:"Garamond",serif"><u></u><u></u></span></i></p>
<p class="MsoNormal"><span style="color:rgb(68,82,78);font-family:Nyala;font-size:10pt">3909 California Avenue SW<u></u><u></u></span></p>
<p class="MsoNormal"><span style="color:rgb(68,82,78);font-family:Nyala;font-size:10pt">Seattle, WA 98116-3705
<u></u><u></u></span></p>
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<u></u><u></u></span></p>
<p class="MsoNormal"><span style="color:rgb(31,73,125);font-family:"Calibri",sans-serif;font-size:11pt"><a href="mailto:heatherd@westseattlelaw.com" target="_blank"><span style="color:rgb(68,82,78);font-family:Nyala;font-size:10pt">heatherd@westseattlelaw.com</span></a></span><span style="color:rgb(68,82,78);font-family:Nyala;font-size:10pt">
<u></u><u></u></span></p>
<p class="MsoNormal"><span style="color:rgb(31,73,125);font-family:"Calibri",sans-serif;font-size:11pt"><a href="http://www.westseattlelaw.com/" target="_blank"><span style="color:rgb(68,82,78);font-family:Nyala;font-size:10pt">www.westseattlelaw.com</span></a></span><span style="color:rgb(68,82,78);font-family:Nyala;font-size:10pt">
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<p class="MsoNormal"><b><span style="color:rgb(0,46,138);font-family:"Arial",sans-serif;font-size:9pt">Click here to connect with de Vrieze | Carney on Facebook:
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<p class="MsoNormal"><b><span style="font-family:"Calibri",sans-serif;font-size:11pt">From:</span></b><span style="font-family:"Calibri",sans-serif;font-size:11pt"> <a href="mailto:wsbapt-bounces@lists.wsbarppt.com" target="_blank">wsbapt-bounces@lists.wsbarppt.com</a> [mailto:<a href="mailto:wsbapt-bounces@lists.wsbarppt.com" target="_blank">wsbapt-bounces@lists.wsbarppt.com</a>]
<b>On Behalf Of </b>David Faber<br>
<b>Sent:</b> Monday, May 23, 2016 4:24 PM<br>
<b>To:</b> WSBA Probate & Trust Listserv <<a href="mailto:wsbapt@lists.wsbarppt.com" target="_blank">wsbapt@lists.wsbarppt.com</a>><span><br>
<b>Subject:</b> [WSBAPT] Probate: Sale of House<u></u><u></u></span></span></p>
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<p class="MsoNormal">Working a probate in which PR wants to either buy real property owned by the estate, or wants to sell the real property to a neighbor without using a broker (good savings!). This is my first time advising a client on selling without a broker
in a probate situation and I want to make sure that my inclination is correct. Though the house won't be on the open market, I know we will want to take care to sell the house for its market value. Toward that end, would it be advisable to get a market appraisal
or comp analysis to determine a reasonable price, then sell the house at that price? Should I put together a TEDRA agreement between all of the heirs agreeing to the sale price before it is sold or would a market appraisal or comp analysis be sufficient to
your mind? Any other best-practice advice this situation warrants?<u></u><u></u></p><div><div class="h5">
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<p class="MsoNormal"><u></u> <u></u></p>
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<p class="MsoNormal">Much appreciated.<u></u><u></u></p>
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<p class="MsoNormal"><span style="font-family:"Arial",sans-serif">Best,<u></u><u></u></span></p>
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<p class="MsoNormal"><span style="font-family:"Arial",sans-serif">David J. Faber<u></u><u></u></span></p>
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<p class="MsoNormal"><span style="font-family:"Arial",sans-serif">Faber Feinson PLLC<u></u><u></u></span></p>
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<p class="MsoNormal"><span style="font-family:"Arial",sans-serif">210 Polk Street, Suite 1<u></u><u></u></span></p>
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<p class="MsoNormal"><span style="font-family:"Arial",sans-serif">Port Townsend, WA 98368<br>
<a href="tel:%28360%29%20379-4110" target="_blank" value="+13603794110">(360) 379-4110</a><u></u><u></u></span></p>
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<a href="http://mailman.fsr.com/mailman/listinfo/wsbapt" target="_blank" rel="noreferrer">http://mailman.fsr.com/mailman/listinfo/wsbapt</a><br></blockquote></div><br><br clear="all"><br>-- <br><div class="gmail_signature"><div dir="ltr"><div><div>Mark T. Higgins<br>Mark T. Higgins, P.C.</div><div>P.O. Box 57<br>Darrington, WA 98241<br>206-491-2420</div></div></div></div>
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