How much do you know about overbidding in California probate court? Think you can sweeten the deal with special terms? Nope! If you’re an overbidder in probate court, you’re going to have to purchase the property under the same terms and conditions as the person who made the original offer on the California probate property.
See, unlike in traditional real estate transactions, you can’t request or propose alternate terms in the hopes of getting the property. The only thing that will help you is by bidding more in the specified increment or more. People don’t realize that probate real estate in California works this way, so they are often unprepared. A non-probate transaction allows for negotiation, but a probate transaction doesn’t. What you’ll need is the necessary payment in the form specified made payable to the correct payee. Otherwise, you won’t even be able to raise the bid and you will lose the property.
If you’d like help maneuvering the probate real estate purchase, contact us right away. We are very skilled in probate transactions, because probate real estate is the only kind of real estate we do!
Do You Need A 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.