Do you know how to avoid paying too much for Orange County probate property? Obviously, the first step, after getting a preapproval amount from a lender would be to consult a skilled real estate agent specializing in Orange County probate real estate. With your agent, check over sale comparables in advance! Go over all of the terms of the sale with your agent before making an offer and understand that these terms aren’t negotiable, unlike traditional sales.
Similar to traditional sales though, don’t let any opposing bidder aware of how much you’re actually willing to pay. Keep in mind, a probate judge may say that the next bid is $5,000 more, but you can always go just a little higher. That sends a message that you are more serious and they may just back off. At the same time, don’t get caught up in the competition of bidding. Just know what you’re willing to pay in advance and don’t exceed that amount.
Keep in mind, you might find yourself in a bidding war in court. Make sure that you have a cashier’s check payable to the proper party ready to go. You’ll want it to be for at least 10 percent of the minimum overbid. The minimum first overbid amount is actually set by a statute in the California Probate Code. The statute is the accepted offer plus one tenth of the first $10,000 plus five percent of the balance.
Do You Need A California Realtor Specializing In Probate?
Search California probate properties instantly using the search below.
We are experts in the probate sale under the probate code and trust law. So, we know the California Probate Code. We won’t let you get lost in it. If you need a real estate agent in California specializing in probate, please contact us today! We are upfront and honest about the costs of probate. Everyone wants to know about probate fees, but no one wants to talk about them. We will though.
Sentinel Realty Partners wants our clients to be fully prepared and fully informed about buying or selling California probate real estate.We have a list of the absolute best probate lawyers in California available for our customers. Plus, we also have relationships with the most vetted contractors, plumbers and electricians in California. See?
We will guide you through every step of the process of selling (or even purchasing) a home involved in probate.If you are buying a home in California, please have a look at our probate property search. If you need a Los Angeles, Orange County, Riverside, or San Bernardino professional to help you through the probate real estate maze, call us!
These waters a murky, and you’ll want a knowledgeable, dependable, responsive team behind you. Check out Sentinel Realty Partners’ client reviews.While you’re here, feel free to bookmark the blog. Alternately, keep up with the latest realtor news and market updates using Facebook or Twitter.