Property Offer Rejection Rights
Summary
Property owners in Maryland can reject offers, even from the highest bidder, unless specific agreements state otherwise. As a personal representative, court approval is needed for estate sales, which can be denied for reasons like beneficiary interests, market value, or procedural issues.Full Conversation
Supose I am the personal representaive for an estate and I accept an offer, but the court does not allow it?
In Maryland, if you are the personal representative for an estate and you accepted an offer, but the court did not allow it, there might be specific reasons for the court's decision.
Some possible reasons include:
- The offer may not be in the best interest of the estate's beneficiaries.
- The offer may be below the fair market value of the property.
- The court has found procedural issues with the sale.
Do you have more details on why the court did not allow the offer?