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.