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Updated over 3 years ago on . Most recent reply
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Need advice on potentially a really good deal
I have a family friend who has inherited a very nice home in a nice area. Needs about 50k work, and could be sold for profit of probably 60k. This friend is the executor of the will, which states that all of the proceeds from the sale will be donated to a local university. My friend is concerned that he must do everything possible to sell the house fairly and at the highest bid (i.e. put it on the MLS), because the will is being overseen by the local county courts. I'm considering consulting a real estate attorney because I disagree. I think he can sell the house to whomever he chooses as long as all proceeds go to the university. What do you all think?
Thanks in advance.