If you’re considering the purchase of real property through a court-approved probate transaction, here are a few more important tips:
Inspect the property before the court date. Don’t expect to renegotiate based on an after-court inspection.
If you will be financing the purchase, meet with your lender and confirm your financing beforehand.
Know exactly how you will take title. There are multiple options in California, each with advantages and disadvantages.
Bring your deposit (the accepted offer plus 10% of the first $10,000 plus 5% of the balance) in the form of a cashier’s check payable to the estate, the trust or the conservatorship, as specified by the listing agent.
Arrive in court on time.
If you have questions about the sale or purchase of real property through probate, trust or conservatorship, or to view properties currently listed for sale, contact The Sanborn Team: 310-777-2858.