Real property sales through probate can be intimidating for people unfamiliar with the process — or unaware that it’s a different process than conventional real estate sales. Many buyers find themselves in trouble when they come to overbid on a probate that requires court confirmation.
Some of the problems we commonly see among overbidders on probate sales include miscalculated deposit amounts, presenting a personal check instead of a cashier’s check, and buyers expecting to negotiate on the purchase. While The Sanborn Team is always available to offer instructions and guidance to buyers and their agents (as well as to our own clients), many, unfortunately, assume they know how to proceed. So we’ve put together a little video refresher on Buying a Probate Property: How to Overbid in Court.
And please be sure to ask us if you have any questions about selling or buying real property through Probate, Trust or Conservatorship: 310-777-2858 or [email protected].
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