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An estate in this sense refers to the real estate owned by a decedent at the time of their death. The purpose of an estate sale is to sell the property of a decedent so the proceeds can be distributed to the heirs. After an owner of real estate has died, their estate must be probated so the real estate can be sold. The sale must be handled by an estate representative duly appointed by the probate court and that representative must have the proper authority to sell the property. An estate sale of real estate would be a sale of the real property owned by the decedent.

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9y ago
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7y ago

It means the estate is selling the property. The owner has died and the executor is liquidating the assets. They have the right to sell the property.

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Q: What is an estate sale of real estate?
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