Home inspections, or property inspections, are a common contingency on a buyer’s purchase offer. The problem is, these inspections happen after a purchase agreement has been reached between the buyer and seller. Then, any adverse findings in the inspection report can...
There are times when placing a property for sale through the Multiple Listing Service is not the best approach. This is especially true when a cash sale is desired to achieve a quick closing, or, when the property is distressed, or both. Probate properties can include...
Your time is valuable, so I’ll get right to the point. I’m an attorney licensed in the state of California who does not practice law. Instead, I specialize in probate sales for residential and commercial real estate. My 20+ years of real estate experience and court...
A vacant home has a way of attracting unwanted attention. Family, friends and neighbors sometimes assume they can select a few items from the decedant’s property that “no one will miss.” These situations have a way of escalating fast. 1. If the probate property is...
Cleaning up a residence or commercial property before a probate sale can be an overwhelming task. Because of this, some executors accept low offers for the property “as-is.” This means a significant loss of value for the estate. There is a better solution. Let us take...
Often times, beneficiaries inheriting a property have a decision to make. Do I prefer a quick and easy sale to an investor, or, do I opt for a longer, more drawn out process, in the hopes of obtaining a higher possible price? There is no right and wrong, and the...
If you are selling an apartment building, commercial property, or other income producing property, you will need a targeted approach to selling the property. Simply putting the property on the MLS and saying, “great income opportunity,” like most probate agents do, is...
As the Executor or Estate Representative, taking care of the estate’s tax obligations will be among your many responsibilities. When dealing with California probate and estate sales, there are three primary tax considerations: 1. Estate taxes. These are Federal taxes...
Proposition 19 creates changes that should be considered when planning your estate, or when preparing for the probate sale of California real estate. The new rules affecting transfers of inherited property take effect February 16, 2021. California’s inherited real...
