Wednesday, December 14, 2011
The Sanborn Team is here to assist you with all of your real estate needs. We have over 30 years of experience selling Probate Real Estate specifically properties that require Court Approval. Consider us a resource! For more information about us and our Probate listings, please visit our website at: www.sanbornteam.com.
Monday, December 12, 2011
For additional information The Sanborn Team and our Probate listings, please visit our website at http://www.sanbornteam.com/
Thursday, December 08, 2011
The Sanborn Team would like to share an interesting real estate article from today's LA Times. Per Freddie Mac, the typical rate for a 30-year loan is at 3.99%! As the article states, it's no surprise that applications to purchase homes rose after Thanksgiving to the highest level in four months. To read the article in it's entirety, please click here:
The Sanborn Team has been selling Probate and Trust real estate for over 30 years. Please call us at 310-777-2858 anytime or for more information about us and our Probate listings, please visit our website at: www.sanbornteam.com.
Wednesday, December 07, 2011
We are here to assist you with all of your real estate needs throughout Southern California. Our focus is selling Probate and Trust properties for Attorneys, Conservators, Administrators and Trustees. For more information about us and our Probate listings, please visit our website at: www.sanbornteam.com
Thursday, December 01, 2011
The Sanborn Team has a Probate property that will be confirmed in court tomorrow 12/2 at 9:00AM. What a fantastic value! This three bedroom one bath at 7438 Leescott in Van Nuys is a great starter home. Wood floors throughout most of the house. Huge backyard with tons of potential. Bring your green thumb!
If you're interested in overbidding on this Probate listing, please call our office at 310-777-2858 or e-mail us at: firstname.lastname@example.org. Court information as follows:
Place: Santa Monica Court House - 1725 Main Street, Santa Monica, Department A
First overbid Amount: $221,000
The Sanborn Team has been selling Probate and Trust Real Estate for over 30 years. We work with many Professional Fiduciaries, Probate Attorneys, Trustees and many others associated with the Probate Court process. For more information about us and our Probate Listings, please visit our website at: www.sanbornteam.com.
Wednesday, November 30, 2011
The Sanborn Team has been selling Probate and Trust real estate for over 30 years. We are here to help! Please call us anytime at 310-777-2858 or to view our Probate and Trust properties, please visit our website at: www.sanbornteam.com.
Monday, October 24, 2011
To read the DataQuick article in its entirety, please click here.
Monday, October 17, 2011
Wednesday, October 05, 2011
Friday, September 16, 2011
Monday, September 12, 2011
Attention Buyers who are looking for Real Estate opportunities. The Probate
Real Estate marketplace may be your pot of gold!
In a struggling real estate market, many homeowners who don't have to sell
will choose to wait until conditions improve. However, regardless of the market,
selling real property when someone has died may not be an option. With an
unusual volume of foreclosed properties pulling housing prices downward, the
prices for Probate properties are also pulled down. What this means for today's
home buyers is that they may get more house for their money and they may also
find it in the neighborhood of their dreams!
Unlike foreclosed or bank-owned (REO) properties, in which the buyer
negotiates their purchase with the institution that owns the property, Probate
purchases may be negotiated directly with the owners or their representatives.
(In some cases this process requires court confirmation.) This will allow a
buyer to move forward with a purchase.
Probate Real Estate opportunities exist in every neighborhood and every
price range, but buyer beware! Secure your financing and make sure your real
estate agent understands and explains Probate policies, disclosures and court
proceedings. We see opportunity in this market-and of course we would be happy
to help you find it!
The Sanborn Team has been selling Probate and Trust properties all over
Southern California for 30 plus years. We work with Probate Attorneys,
Fiduciaries, Trustees and Heirs on a regular basis and understand the Probate
Court system very well. We are happily busy having already sold many properties
this year and still counting!
To view our Probate listings and to learn more about The Sanborn Team, your
Probate and Trust Real Estate specialists, please visit our website at: www.sanbornteam.com
or give us a call at 310-277-2858. We look forward to hearing from you!
Thursday, September 08, 2011
Fires, floods, earthquakes and unrest crowd the airwaves. But guess what? There’s good news out there, too. Here are six examples:The National Association of Home Builders (NAHB) released its first NAHB/First American Improving Markets Index (IMI) yesterday. The IMI lists “metropolitan areas that have shown improvement for at least six months in three key economic areas—housing permits, employment and housing prices.” Okay, none of the 12 metro areas listed are in California, but improvement is encouraging!
On a similar note, the Northwest Multiple Listing Service reports this week that “August now ranks as this year’s best month for both pending and closed sales around Washington state.” While prices are still down, “Last month’s volume of pending sales was the highest number of mutually accepted offers since April 2010 when the homebuyer tax incentive expired,” the NWMLS reports.
In its August 2011 Non-Manufacturing ISM Report On Business, the Institute for Supply Management (ISM), released yesterday, ISM reports that “Economic activity in the non-manufacturing sector grew in August for the 21st consecutive month.”
In case you missed it, last week Governor Jerry Brown signed AB 771, which prevents excess document fees for home buyers in a common interest development, such as a condominium or townhome.
In his press briefing Tuesday, Centers for Disease Control and Prevention (CDC) director, Thomas R. Frieden, said, “we have good news, which is that there are fewer Americans smoking today than in the past.” There were three million fewer smokers in 2010; additionally, heavy smokers are now smoking less.
Finally, The Sanborn Team is hard at work selling homes in Southern California. Probate properties continue to sell at very attractive prices, even when those prices are above asking! Our attentive service and decades of work with heirs, conservators, trustees and probate attorneys gives our clients the solid footing they need to make great decisions.The Sanborn Team knows how to deliver good news! Browse our website or contact us now at 310-277-2858.
Monday, August 29, 2011
In spite of such gloomy news, the Sanborn Team is happy to report that we've had several properties in escrow this year and many have sold for more than the asking price. We work very hard to get top dollar for the executors, trustees, conservators and probate attorneys we work with.
We just had two properties confirmed in Probate Court this morning. Both had overbidders and sold for well over asking. We were thrilled!
The Sanborn Team has more than 30 years of experience selling Probate and Trust Real Estate. To learn more about us and our probate expertise, or to view properties currently offered for sale, please call us at 310-777-2858 or visit our website at: http://www.sanbornteam.com/. We look forward to assisting you.
Wednesday, August 24, 2011
The second Probate property is located at 2923 La Brea Avenue and will also be confirmed in court on Tuesday, 8/30. This is a cozy two bedroom one bath home with a great backyard. Really amazing price! The first overbid for this house is: $104,450. Please call The Sanborn Team or e-mail us at: email@example.com for instructions on how to purchase this property at the Probate Hearing.
Place: 111 N. Hill Street, Los Angeles - Department 11
Monday, August 15, 2011
Court date and information as follows:
Place: 111 N. Hill Street, Los Angeles
First Overbid Amount: $173,750
The Sanborn Team has been selling Probate and Trust Real Estate for over 30 years. Please call us at 310-777-2858 for all of your real estate needs. For more information about us and our Probate listings, please visit our website at: http://www.sanbornteam.com/.
Tuesday, August 09, 2011
Friday, August 05, 2011
Our phones rang off the hook on this property and although we don't always know until the actual court date, we anticipate that there will be overbidders in court. Don't miss the excitement! Call our office at 310-777-2858 for overbid instructions.
Court information as follows:
Tuesday, July 26, 2011
Tuesday, July 12, 2011
Friday, July 08, 2011
Attention investors and contractors! This two bedroom two bath house is located at 5535 Angeles Vista Blvd. in Los Angeles. The property sits on a corner lot and is truly an amazing value!
The sale of this Probate listing will be confirmed in court on July 12th. For those interested parties who wish to come to court to overbid, information is as follows:
Place: 111 North Hill Street, Dept. 5, Los Angeles
First Overbid: $268,775
The Sanborn Team has been selling Probate and Trust properties for over 30 years. Please call us for any and all of your real estate needs. We are here to help! For more information about us and our Probate listings, please visit our website at: www.sanbornteam.com
Wednesday, June 29, 2011
This past week we have had several examples of how we all work together to assure the buyer/seller that the process is seamless and will go without a hitch. For example...
We received a petition for the sale of a property from a law firm, but discovered a calculation error on the over-bid amount. We identified it so that the petition could be properly amended before it came before the Probate Court.
Another petition was received and we noticed that the address was incorrect (a simple typo), but again we were able to notify everyone so the petition could be amended.
We are currently working closely with an administrator, the attorney for the estate, Escrow of the West (Marcine Kline) and California Title (Bill Thomas) to clear up title issues on a property that we are getting ready to place on the market. Everyone involved knows how urgent it is to clear up the problems and they are all working together to expedite the process.
At the Sanborn Team we value our partners and know how vital they are to helping us solve problems.
If you would like the Sanborn Team to work for you please contact us at 310-277-2858 or email us at firstname.lastname@example.org
Sunday, June 19, 2011
DataQuick explains: “For the past couple of years all-cash deals have become far more common in lower-cost markets where prices have dropped sharply, luring investors and other buyers who either can't qualify for a traditional mortgage, or who simply view housing as a relatively attractive place to park their money. Moreover, using cash can get you to the head of the line if there are multiple offers on a property, given sellers favor the relative speed and certainty of all-cash transactions.”
Not surprising that we would find that kind of head-of-the-line thinking among buyers making offers on probate properties. Such buyers have the flexibility to over-bid in court when the opportunity presents itself and to grab undervalued probate homes for family, http://www.blogger.com/img/blank.gifinvestment or resale. Cash can also be critically important when as-is probate properties need extensive repairs and don’t meet the bank’s standards for a loan.
If you have cash to invest or real property to sell through probate, trust or conservatorship, The Sanborn Team delivers head-of-the-line results. Call us at 310-777-2858.
Wednesday, June 01, 2011
The newspaper isn’t exactly bringing home the recovery reports we’ve been hoping for. While lower-than-ever prices are good news for buyers, they’re discouraging to sellers who have been holding on for an improved market – or those, like probate sellers, who are disposing of real property on the court’s schedule.
If most buyers are feeling a little cautious these days, investors are encouraged by market conditions, according to a Realtor.com survey reported by Inman News. Asking about anticipated purchases in the next two years, interviewers found that a third of investors plan to buy during that time, while only 8.6 percent of home-seekers expect to make a deal. In the two-to-five year time frame, investors outnumber residence-seekers three to one.
What does that mean for people who need a place to live? Make a plan: talk with your lender and get pre-approved so you know exactly what you can afford. Work with your Realtor to locate homes that meet your needs. Look for quality homes offered for sale through probate or trust. Talk with a probate expert. Follow the court’s instructions. Make the best offer you can.
The Sanborn Team has been selling real property in greater Los Angeles for more than 30 years. If you have questions about any aspect of probate or trust real estate, visit our website, www.sanbornteam.com, or call us at 310-777-2858 today.
Monday, April 25, 2011
It’s an issue we’ve thought about a great deal. As we’ve worked to create original text for our posts, we’ve observed that not everyone is quite so conscientious. In fact, a while back, purely by accident, we discovered that the text from our blog was being “borrowed” in its entirety by another agent who was posting it as their own.
The irony, of course, is that a huge part of our business representing clients in the sale of real property through probate, trust and conservatorship is sharing information. We advise other agents, buyers, sellers, fiduciaries, administrators, conservators, trustees, accountants, executors and even attorneys to make sure that the parties to a transaction have all of the information they need, when and where they need it.
We do our homework. And we respect the talent and integrity of the many skilled individuals and businesses with whom we work. It’s a pretty simple way of doing business: surround yourself with smart, honest people and do the work right the first time. It’s a philosophy that’s served us well for more than 30 years.
If you have questions about real estate sales through probate, trust or conservatorship, we would be happy to talk with you. Call Nancy at The Sanborn Team: 310-777-2858.
Friday, April 15, 2011
Thursday, April 14, 2011
DocuSign has changed all that – and The Sanborn Team’s clients love it.
In short, with DocuSign, documents (such as contracts, disclosure forms, instructions, etc.) are uploaded and sent by e-mail. The recipient (buyer/seller) receives an e-mail, clicks on Review Documents and is guided through the document. The recipient selects or writes a signature, signs the document and follows instructions to complete the transmission. In addition to a full signature, the signer can also initial certain provisions in the document, just as with a paper contract. DocuSign also has a sign-on-paper option, if preferred.
Transactions are password protected and secure, streamlined and fast, while eliminating paper and document transportation costs. All that’s needed is a browser or a mobile device (iPhone, BlackBerry, Windows Mobile, Google Android).
After federal ESIGN legislation established electronic records and signatures as legally binding, DocuSign pioneered e-signature technology in 2003. Today the company has more than 4.5 million unique users and 97% of Fortune 100 companies have used DocuSign.
The Sanborn Team provides efficient, comprehensive real estate representation for the sale of real property through probate and trust. If you have questions, call Nancy Sanborn at 310-777-2858.
Friday, April 08, 2011
Wednesday, April 06, 2011
Friday, April 01, 2011
The Sanborn Team offers a comprehensive array of real estate services for those selling real property through probate, trust and conservatorship.
At The Sanborn Team, we take the word Team very seriously. Beyond disclosures and documentation, knowledge of Probate Code and court requirements, counseling of buyers, sellers and agents, and aggressive marketing of property, we also bring access to experienced professionals who understand the complexities of court-administered sales.
- We cooperate with other real estate companies and real estate agents to offer sellers the widest exposure to potential buyers.
- We interact with a network of skilled local agents who can provide showings and other on-site services in communities throughout Southern California.
- We work with escrow officers who have years of experience with probate contracts, including specialized disclosures, inspection reports and the need for on-time precision to meet the court’s demands.
- We work with title officers who provide critical historic information on properties in probate.
- We counsel buyers’ agents to assure that buyers are prepared to bid or overbid with the necessary timing and paperwork.
- We bring in property-readiness services to make the most of “as-is” sales.
- We cooperate with the preferences, presentation methods and contract terms of attorneys.
Our services save time, expedite the transaction and assure that if a higher price can be attained for the property, it will be.
At The Sanborn Team, we are comfortable with clients, other agents, attorneys, fiduciaries, administrators, conservators, trustees, accountants, executors, court personnel and other parties to the transaction. Our business is to achieve the highest selling price for the heirs.
Call Nancy Sanborn for further details: 310-777-2858.
Wednesday, March 30, 2011
Probate property is sold "as is." That means no painting, no repairs or fixes or tweaks to charm the potential buyer (painting and fixing could mask a defect in the house). The usual suggestions a real estate agent might offer for getting a home in "show-sell" shape may not apply. However, there are always things that can be done to help get a home ready to be sold, even when it’s a court-supervised sale.
- Work on curb appeal. Make sure that the lawn is mowed and all trash and debris are removed from the property. Trim overgrown trees and plants and rake around them.
- Have all the windows in the house washed inside and out. Let the sun shine in! Also remove damaged window coverings and heavy drapery.
- Remove stained and worn carpets. If you decide to leave the existing carpets in the house, have them cleaned professionally to remove odors. (Remember, a buyer may be sensitive to odors you can’t even smell.)
- Have a cleaning crew scrub the house, including all the nooks and crannies such as cabinets, shelves, closets, built-in drawers and utility room.
- Remove all personal property from the home, especially family heirlooms, photos, old clothing, etc.
If you have questions about preparing real property for sale through probate or trust, The Sanborn Team is happy to provide answers. Call us at 310-777-2858.
Monday, March 28, 2011
Pricing it right for 2011
At the risk of sounding like a broken record, it’s time to mention (again) the importance of right-pricing for sellers who are serious about selling their property.
Emerging from the long-haul misery of a depressed market, we’ve noticed that there’s a little “magical realism” circulating among some sellers. Now that things are improving, these sellers seem to think, prices should bounce right back to where they were in 2006.
We don’t think that this market, or today’s buyers, will welcome higher prices. In fact, price seems to be one of the major factors keeping buyers away from new listings. With plenty of foreclosures and short sales still on the market, buyers are looking for opportunity they can afford.
Buyers are doing their home-work. They’re spending time searching online, studying values and making lists of essential and optional features. They know what they can afford – and how they’ll pay – and they’re ready to act when all the pieces fall into place.
Sellers might take a page from the buyer’s book: think like a buyer. Search the market as if you’re buying, not selling. Visit open houses and look at properties for sale that are similar to yours. Note particularly how long a property has been on the market because that often says something significant about the price.
There’s a right price in every market. The right price for 2011 is slightly below market so it attracts sellers and agents in good number and may even land the home in multiple-offer territory.
If you have questions about pricing, or about any aspect of selling real property, The Sanborn Team has more than 30 years of experience (through all kinds of markets) to help you. Give us a call at 310-777-2858.
Thursday, March 24, 2011
The Sanborn Team works very hard to get the most we can for the executors, administrators, conservators, and probate attorneys who represent the estates we sell. The continual overbidding in court is truly a testament to our aggressive marketing plan for each of our properties. We continue to market our listings right up until the actual court date.
The Sanborn Team has more than 30 years of experience selling real property through probate and trust. Call us anytime for all of your real estate needs! For more information about our probate listings, please visit our website at http://www.sanbornteam.com/
Wednesday, March 23, 2011
The National Association of Home Builders (NAHB) released its Housing Market Index on March 15 with a note of cautious optimism. Builder confidence is up to its highest level since "May 2010, when the survey period corresponded with the final days of the federal home buyer tax credit program," NAHB says. The West showed the highest gains.
What this uptick in the HMI means is that builders believe home-buyers will begin making new-home purchases in the coming months.
While the NAHB is far from enthusiastic about the market's immediate prospects, this new report suggests to us that home sellers need to be even more on-target with their pricing as competition from new homes gains momentum.
The Sanborn Team has been selling real property on the Los Angeles Westside for more than 30 years. If you have questions about pricing or timing your home sale or about any aspect of probate and trust real estate, visit our website, http://www.sanbornteam.com/ or call us at 310-777-2858 today.
Tuesday, March 22, 2011
Tuesday, March 15, 2011
But when it comes to selling real property through probate, trust or conservatorship, technical expertise is critical. These transactions operate by a stringent set of rules, with few allowances for the agent who guesses wrong or "just didn't know." Your neighborhood expert may not have the knowledge of court proceedings, disclosures or documentation that can make or break a deal.
The Sanborn Team recognizes that both local knowledge and technical knowledge are essential to successful probate and trust sales. That's why we have built an extensive Southern California network of real estate professionals who are respected neighborhood experts. We work closely with them to assure that local representation and technical representation work together to the full advantage of the client.
Our role is advising, guiding and informing all of the parties to a sale who require our expertise, including buyers, heirs, probate attorneys, accountants, fiduciaries, executors, trustees and other real estate agents.
The Sanborn Team has been selling probate and trust real estate for more than 30 years. Please visit our website at http://www.sanbornteam.com/ and call us with your questions at 310-777-2858.
Wednesday, March 09, 2011
This month alone, the following properties went to an overbidder in court:
The Sanborn Team has always worked on assisting executors, administrators, trustees and probate attorneys in pricing properties to generate as much buzz as possible. And once we have an accepted offer and a court date is scheduled, we continue to market the property. Our goal is to get the highest dollar value for our clients.Call us anytime for all of your real estate needs! Please visit our website to find a wealth of information on probates and to view our current listings: http://www.sanbornteam.com/
Friday, March 04, 2011
The first buyer contacted us prior to the sale date. We were able to provide the buyer with detailed instructions on what the attorney for the estate would require in order for someone to bid on the buyer's behalf. Every attorney has his or her own guidelines, but in general most agree that the Power of Attorney needs to be specific to the property that is being sold.
The second buyer sent his real estate agent to court and did not contact us prior to the hearing. The estate's attorney was able to speak to the agent prior to the hearing and establish the ground rules under which he could bid. In this case, the agent had a Power of Attorney specific to the property, but he wanted to enter the name of the buyer as an LLC. This was not acceptable to the attorney, who stated that the name of the buyer for the purposes of the sale had to be an individual, not an LLC.
The bottom line? If you are buying real property through probate or trust, or if you are a real estate agent representing such a buyer, be aware that the court has no flexibility when it comes to overbidding. A phone call in advance to the estate's attorney or the probate real estate agent could save the sale and get you the property you want.
No one wants to get in the way of an over-bid in court.The Sanborn Team spends a lot of time working with buyers and agents to assist them in getting ready to over-bid. We send out instructions to the agents so they know how to counsel their clients - and we're always happy to answer questions about court proceedings. The goal of the Sanborn Team is to see that every property sells for the maximum price.
The Sanborn Team has more than 30 years of real estate experience specializing in the sale of probate and trust properties. For more information about us and to view our probate listings, please visit our website at www.sanbornteam.com
Nearly 100% of the Probate and Trust properties we list require buyers to pay all cash. This is because they are being sold "as is" with no contingencies, i.e. financing, inspections, appraisals or any approvals. And in most cases the Seller will not do any repairs including termite and retrofit. Who can afford such a deal? Investors that's who! We have definitely seen more investors and investor groups making offers as well as coming to court to overbid.
As the article points it's incredibly difficult to qualify for jumbo loans from lenders who are still reeling from the mortgage fallout. On the up side, unemployment is at its lowest since April, 2009. Since jobs are so directly related to the real estate market, we are hopeful that things will level off.
To read the article in its entirety, please click here: http://lat.ms/glX6un
The Sanborn Team has been selling Probate and Trust Real Estate for over 30 years. Please call us for all of your real estate needs! To find out more about us and our Probate listings, please visit our website at: http://www.sanbornteam.com/
Thursday, March 03, 2011
Since the seller of a probate has usually never lived in the decedent's or conservatee's house, they are not required to fill out certain disclosures that express the condition of the property. These disclosures are:
- Real Estate Transfer Disclosure Statement
- Earthquake Hazards Report
- Statewide Buyer and Seller Advisory
- Local Area Disclosures
- Seller Property Questionnaire
- Agent Visual Inspection Disclosure
Also, the listing agreement and purchase contract are different as well. Probate & Conservatorship listings must be on the Probate Purchase Listing Agreement and all offers must be on Probate Purchase Agreement.
You may also know that when it comes to the sale of real property through probate and trust, not all agents are created equal! Lack of experience can only lead to the trustee/administrator to fail finding the best buyer and fail to provide the correct paperwork that protects the trustee/administrator. Although to many real estate agents the sale of probate seems similar enough to a traditional transaction, this sale takes a comprehensive understanding of the court requirements.
The Sanborn Team brings you and your clients over 30 years experience of marketing and selling Probate and Trust properties. To find out about why we are the experts, please visit our website at: www.sanbornteam.com
* These forms are created by the California Association of Realtors
Friday, February 25, 2011
Overbid amount: $1,082,131.25
Three bedroom, three bath home with pool in desirable Marquez Knolls area of Pacific Palasades. Gated courtyard entry and wood beam ceilings in most rooms. This is a great house with tons of potential!
This is a two bedroom, two bath although tax records show it as a one bedroom, one bath. Great Silverlake neighborhood close to trendy shops and restaurants.
Los Angeles, 90029
Overbid amount: $310,250
Original craftsman home built in 1910! Spacious three bedroom, one bath on large lot. Convienent location close to fabulous shops and restaurants. Awsome investment opportunity!
Please call us at 31--777-2858 if you're interested in coming to court. We are happy to e-mail you instructions on how to overbid in court. Don't miss out on these wonderful properties!
The Sanborn Team are your Probate and Real Estate experts. We are here to answer any questions you have about court confirmed sales and to help with all of your real estate needs. For more information about us and our Probate listings, please visit our website at: http://www.sanbornteam.com/
Have a wonderful weekend!!
Thursday, February 17, 2011
The Sanborn Team has over 30 years experience in selling Probate and Trust properties. We are here to help you with all of your real estate needs! For more information about us, please visit our website at: www.sanbornteam.com
Tuesday, February 15, 2011
The minimum first overbid price is set by a statute in the Probate Code. That amount is 5% of the accepted initial bid plus $500.
Further incremental bidding is established by the presiding judicial officer at the hearing.
The Sanborn Team is here to help you with all of your real estate needs. We specialize in Probate and Trust sales, many of which require court confirmation. For more information about us and our Probate listings, please visit our website at: www.sanborn.com
Monday, February 14, 2011
Thursday, January 27, 2011
Friday, January 14, 2011
Every house will sell if the price is right! The single most important factor to consider when selling a house is the price tag. Over the years we’ve discovered that if a buyer considers a particular home a great value they’ll go for it, otherwise they’ll wait until it goes on sale. What if your home pricing is not yielding showings or contracts (the only two signs that really matter)? You likely need a price reduction. Time and again, as soon as we reduce the price of a home that isn’t moving, there will be renewed interest among buyers and, in most cases, good solid offers.
Wednesday, January 05, 2011
Location: 1725 Main Street, Santa Monica
First overbid amount: $473,000