One of the things that really throws off people new to probate real estate is that the paperwork for a probate real estate sale is different than a transaction in a traditional sale. You probably already know that in typical real estate transactions, the seller must disclose information about the property. The following are some examples of what a seller would traditionally disclose:
- evidence of pests
- water damage evidence
- construction conducted without a permit
- other defects
Sometimes a seller who is selling probate property has no idea. Sometimes, they’ve never even been in the home! This is true with conservatorships and trusts too. So, if the seller has no knowledge of things that would normally be known and disclosed, how could they fulfill that need? They really can’t. Because of this, when it’s a probate sale, sellers use special disclosure forms. They also use special listing agreements and special purchase contracts.
These things can sometimes scare off the typical real estate agent or the typical buyer, but all this does is essentially say, “Hey, I am selling this house, but I don’t know much about it.” Sometimes, the houses are in tip top shape. So we suggest that people take a look at probate sales and try to get over that special disclosure form. When a buyer orders a complete home inspection, anything should be found anyway.
Let’s be truthful, it’s really a false sense of security when people rely on home sellers to fully disclose problems. Sometimes, they don’t. Now, if they get caught, there is obvious recourse, but that still adds significant burden to the home buyers.
Do You Need A California Realtor Specializing In Probate?
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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.