excutors

EXECUTORS & BENEFICIARIES

Executors and Beneficiaries will find many ways to take advantage of the service and expertise available through Bounds Auctions & Valuation Services. Some estates require appraisals only, and some quick advice on how to proceed. But many also require the sale of some or several assets both real estate and personal property often with assets spread over multiple states. Please explore this entire site under the headings which are of interest to you at this time. While the estate services business is our primary focus, there are many specialty services that fall under this umbrella. We strive to bring them all together to deliver exactly as much or as little service as you may need.

Executors who are tired of waiting the months and years it can take for vacant estate properties to sell are turning to the auction method of marketing for faster and more efficient results. The traditional MLS listing system is designed to sell a conventional home or property for a Seller offering his/her property under normal circumstances. The sale of an estate property is anything but normal circumstances. The traditional "list, wait and see" real estate model is an "inefficient" manner to offer upscale, unique and estate property into the marketplace. When an executor is confronted with managing and maintaining a vacant and often depreciating estate home (s) over an extended and unknown period of time, the traditional real estate method becomes even more inefficient. It is painful to see a family home sit vacant for months, or perhaps years waiting for the right buyer to come along and make an offer on the property. It is equally painful to remember how neat and tidy the home and property once was when the grass was cut and trimmed, the weeds were pulled, flowers were in the gardens, shrubs and hedges weren't overgrown, paint wasn't peeling and the house wasn't cold and musty smelling. Would you offer your residence for sale in a closed up and neglected state? Not only does it cost the estate and its beneficiaries hundreds or perhaps thousands of dollars per month in loss on return of capital locked up in an idle asset, but there is the depreciation of the high maintenance asset to consider. Further; heat, utilities, taxes, insurance and other maintenance costs continue to build and “fresh to the market” value is lost.

The options to maintaining an estate home are painful and simple. 1. Neglect it. 2. Do it yourself. 3. Oversee that it gets done properly by somebody else and be prepared to burden those extra expenditures upon the estate and its beneficiaries. What if it takes 6, 12 or 18 months to sell? Will everybody be as interested in maintaining the property then as they are today? As time moves along, are you going to be more motivated to accept any offer and perhaps the first offer that comes along? Is this good fiscal responsibility?

If you're an Executor in charge of selling real estate, before you list the estate property (s), have Bounds Auction Services prepare a thorough and detailed real estate marketing plan. We'll make the sale of your estate home (s) an easy success, and our auction marketing system will provide you with the confidence and transparency you require to know that you've done the right thing!

If the estate that you are dealing with includes personal property assets in addition to real estate, like household contents, antiques, jewelry, art, vehicles, commercial equipment and other assets, we can help. We can oversee and manage the entire process from inventory, appraisals, through the sale of the real estate, removal or on site sale of any personal property or other assets to final clean out.

I have been an executor, a beneficiary and have acted as a trustee in my personal life. I know the responsibility it carries and as a professional fiduciary, I will personal oversee every detail required to get you to the settlement table as fast as possible. Assistance is a phone call away.

Omar P. Bounds III C.E.S., A.A.R.E, G.P.P.A.