Executors often ask:
“When can we sell the property?”
The answer depends entirely on the NYC probate timeline.
Here is how court timelines affect real estate decisions.
Phase 1: Filing the Petition
The will and petition are filed with Surrogate’s Court.
Real estate: Cannot be listed yet.
Phase 2: Probate Review
The court reviews the will, beneficiaries, and any objections.
Real estate: Light preparation can begin.
Phase 3: Letters Testamentary Issued
The executor now has legal authority.
Real estate: Property can now be officially listed.
Phase 4: Contract Negotiation
Offers are accepted, inspections completed, and negotiations begin.
Real estate: Condo and co-op buildings require documents.
Phase 5: Co-op Board or Condo Association Review
Boards can take weeks or months.
Real estate: Timing must align with court requirements.
Phase 6: Closing
Once approved, closing documents are signed and funds are deposited into the estate.
Real estate: Executor files final accounting with the court.
Bottom Line
Understanding probate timelines prevents delays and protects estate value.