Serving as an executor is a stressful job that has very few perks. One of the few benefits that an executor or administrator enjoys is the ability to control how and when the estate sells and disperses various assets. When it comes to major assets, such as real estate, you need to take great care in how you handle the sales process.
While you may know people who have an interest in the property, they need to make a fair market offer for any intended purchase. You have a fiduciary duty to the beneficiaries of the estate to maximize the profit that you make when liquidating assets. Choosing to sell estate property at prices below market-rate could result in legal and financial complications for you in the future.