During administration of estates, the Clark County Public Administrator (CCPA), like all court-appointed estate administrators, is charged with liquidating property of the estate. This includes real property and personal property. The sale of all property is done in the most transparent way to ensure that families and other interested parties are satisfied that the CCPA has obtained the best value possible for estates.
Personal Property Auctions
The CCPA periodically conducts the sales of personal property of estates through public auctions. The property is first appraised and then submitted to auction. Those items that typically go to public auction are jewelry, coins, and other collectibles. Those interested in observing the public auctions, or participating in the public auctions, may visit the website where our estate sales occur here.
While vehicles are technically personal property, the sales of vehicles are conducted through public auctions separately during public auction events that include the sales of vehicles of other Clark County departments. Interested parties may visit the website where our vehicle sales occur here.
The CCPA also sells firearms of estates. Due to the licensing requirements for purchasers, the CCPA sells firearms on consignment through a federally licensed firearms dealer. At the publishing of this information, the CCPA is utilizing the service of Prokopios Ziros, 9340 S. Eastern Ave., Ste. 104, Las Vegas, NV 89123 (702) 883-6340, in its consignment sales. More information may be obtained by contacting Prokopios Ziros.
The CCPA regularly sells real property during estate administrations. Given that real estate is often the most important asset of an estate, the CCPA takes care to ensure that the greatest possible value is obtained during the sale of the real property. The CCPA utilizes real estate professionals that repair properties to ensure that those properties can obtain the current fair market value for the estate.
After receiving a nomination from family or the determination of a need for administration by the CCPA, the CCPA will conduct an analysis of the current equity of the real property. The CCPA will also obtain an appraisal of the current condition of the real property. The realtor assigned to the real property will then obtain quotes for repairs to the home. Lastly, an assessment of the likely full fair market value of the home, if fully renovated, will be made. If the analysis shows that the repairs should be made to obtain the best value, the CCPA will direct the realtor to conduct the repairs to the real property. After repairs are completed, the home will be listed at current fair market value. Typically, homes require repairs that will allow the estate to receive far more than if the real property was sold without such repairs. Please see below for an illustration of the benefit of renovations during estate administration.
|Home with renovations||Same home without renovations|
||$160,000.00 (current appraised condition
-$0.00 (no renovations)
$160,000.00 (to the estate with no renovations)
The above illustrates a common scenario. A home may need various renovations, such as significant landscaping, plumbing and electrical repairs, structural repairs, flooring and fixture replacement, and painting. Without performing these repairs, the real property's value is far lower than if the real property was fully renovated. These funds would in essence go in the pocket of the buyer, instead of the estate.
Please note: The renovations/repairs to real estate are not paid with funds of Clark County, Nevada or the Clark County Public Administrator. These repairs are made using funds provided by vetted and qualified realtors at their own risk. Realtors are required to use only licensed, bonded and insured professionals.