Probate Real Estate Experts

When you work with the Sanborn Team in selling your Real Estate we work on simplifying the complicated process of selling a home that is in Probate or in a Trust. We are currently in the midst of a changing market so now more then ever you need to work with an expert. The Sanborn Team has been selling Real Estate in the greater Los Angeles area (including the San Fernando Valley and San Gabriel Valley) for over 27 years.



Over those years we have had the opportunity to work with some of the finest attorneys, fiduciaries and paralegals in the area. With their help we have gained the knowledge to assist you in having an uneventful experience when it comes to selling Real Estate.


Many people claim to have the information that you need to assist you in selling your home, but very few have the knowledge that comes with our years of experience.


Over the years we have assisted more people with selling homes that are in Probate or Trust then any other team in the Greater Los Angeles area.


When you truly want to work with knowledgeable and professional agents call the Sanborn Team at 310-777-2858 or visit our web site at http://www.sanbornteam.com/

How to Choose the Best List Price for Probate Real Estate Listing?

After you have made the decision to sell a property that is required to be governed by the probate court, it's important that you hire an agent to do an extensive market research, also known as a Market Value Analysis. Part of this analysis includes the selling prices of similar properties in the area. It should also include in depth information of the recent sales in the area such as price per square foot, number of days the property was on the market, and how close the finals sales price was to the listing price. With this information you and your agent should be able to choose the best listing price.

At The Sanborn Team we believe that there is not exact science on pricing a property but that it is a team effort. We are here to provide you with the information and experience of selling real estate.

For further information about who we are and what kind of service we provide, please visit our website at http://www.sanbornteam.com/ or call us for a no obligation consultation at 310-777-2858.

What is a Probate Real Estate Sale?

Q. What is a Probate Real Estate Sale?

A. A Probate Real Estate Sale is governed by the probate court. When a person passes away and there is no will or the will is contested the court has a process of administrating the estate of the decedent, and specifically in regards to the real estate owned by the decedent the process of selling that real estate is very different than a typical transaction. This sale requires court approval and the terms are very different from a traditional transaction.

For additional information about probate real estate, please visit our website at http://www.sanbornteam.com/.

Preparing a Trust or Probate Property For Sale

Many times the houses that are sold through probate or trust are usually full of furniture and personal belongings of the decedent. As the Administrator or Trustee the process of getting the house prepared to go on the market can be a daunting task. It is even harder when you have a full time job and a family to care for. And it can be even harder when you don't live in the area and have to spend your weekends and vacation days cleaning out the property.

We understand that dividing up personal belongings among the family is one job and it can be difficult. With the remaining personal property it is hard to tell if you have junk or treasure. Regardless of your situation, we at The Sanborn Team understand what you are going through and are here to assist you in the entire process.

We have resources and professionals that can help you with this. We can recommend several specialists that can sell the personal treasures and we have professionals to recommend that can hall away the junk and cleaning crews that will make the home sparkle.

We only recommend that you do the bare minimum when it comes to preparing the property to go on the market. It's important to leave the property in its present "as is" condition and let the buyer discover the condition of the property through inspections. Even though you may think a coat of pain might help, you may unintentionally conceal a defect and conceal the condition of the property.

At The Sanborn Team we make the process of selling the property seamless and smooth. We guarantee that we can make this a totally stress-free experience. For more information about our services please visit our website at http://www.sanbornteam.com/ or call us directly at 310-777-2858.

A Truly Exceptional Value

We have a Truly Exceptional Value...

13214 Moorpark Ave #205

Sherman Oaks

$499,000.00

This is a wonderful opportunity! This tri-level condo features 2 bedrooms, 3.5 baths and a loft (could be converted into a third bedroom). It features soaring two story windows, large kitchen with tons of storage and breakfast area, two spacious balconies, a full size laundry room, high ceilings and central air and heat. The location is outstanding, right on the boarder of Studio City and walking distance to many neighborhood amenities, such as the supermarket, cleaners, restaurants and shopping. This is truly a remarkable value at $499,000 and is a great opportunity.

Please call us today for your private showing. 310-777-2858

To see our other exceptional values, visit our website at http://www.sanbornteam.com/

Upcoming Court Hearings for Probate Real Estate

Attention Buyers!
Upcoming Court Dates!

8627 Ramsgate Westchester CA 90045

5 Unit building with great mix of units. There are two 2+1 and two 1+1 and a studio. The building sits on a large lot.

Opening Bid: $704,000.00

Court Date: October 22, 2007

Location: Los Angeles County Court House 111 N. Hill St Los Angeles

Department: 9

Time: 8:30am

AND We HAVE ONE MORE!

1562 N. Ave 46 Los Angeles CA 90041



Great Eagle Rock Location! This Charming California Bungalow features formal dining room with original built-ins, large living room and kitchen, 3 bedrooms and 2 baths. There is also a detached studio that is perfect for a home office.



Opening Bid $551,750.00



Court Date: Monday October 22, 2007

Location: Los Angeles County Court House 111 N. Hill St Los Angeles

Department: 11

Time: 8:30am




To find out more about our HOT listings, please visit our website at http://www.sanbornteam.com/

As your probate & trust real estate experts, we are happy to assist you with any of your real estate needs!

Hot New Listing!

Carthay Square Charming Spanish

1064 S. Point View Drive

Los Angeles, CA

$995,000.00!

Enter through a private court yard into this charming original Spanish home. Original details such as art deco style bathrooms, wood floors and large french door style windows are just the beginning. The home features 3 bedrooms and 1.75 baths, formal dining room with coved ceilings, formal entry way, large living room with a beautiful bay window and fireplace, a true breakfast room off the kitchen that over looks the courtyard, and a sun-filled grassy yard.

Call us Today for your Private Showing

310-777-2858

For more property details please visit our website at www.SanbornTeam.com

To find the hottest listings please visit our http://www.sanbornteam.com/properties.php

How Commission is Paid on a Probate Sale

When it comes to the commission on probate real estate sales there are several things that you, as real estate agents should be aware of. First and foremost the commission is set by the courts and it's no negotiable. The courts grant a 5% commission on improved real property (single family residences, condos, multi-family, etc) and 10% for unimproved property (vacant land).

We also know that probate properties can be appealing to real estate agents and they would like to purchase them and represent themselves on purchasing the property and receive a commission. However... according to the probate code, the buyer cannot benefit from the sale of the property, thus the buyer cannot receive a commission or even a referral fee.

If you are a real estate agent interested in one of our hot listings, please have someone represent you because if you represent yourself you will not get paid a commission.

For all our listings at the Sanborn Team the commission is split as follows:

2.5% paid to the listing agent

2.5 % paid to the agent representing the successful purchaser in court.

For further information on our hot probate listings please visit our website at http://www.sanbornteam.com/ or call us at 310-777-2858

This is Why We Sell Probate & Trust Real Estate

We recently closed a real estate transaction for an Estate. This was a probate real estate sale that did not require court confirmation. Selling this property has been a journey, however throughout each step we kept to our promise to offer superior customer service.

Yesterday we received an email from the Administrator of the Estate and this is what she said:

Dear Allison, Teresa & Nancy:

Thank you so very much for the kindness, sincerity and excellent customer service provided in the probate sale of my Mom's home. She died on December 2, 2006. As I have lived in Arizona since 1988 and had no plans of returning to Los Angeles, I thought it best to sale her home rather than attempt make major repairs and rent it at long distance.

The Sanborn Team made the entire selling process painless - even through the cancellation of two escrows and having to fence the property to secure it. They continued to work diligently by keeping me abreast of the current market conditions, re-listing the home and continuing to show it to potential buyers with the same enthusiasm as one would a newly built home.

I would recommend Prudential Realty and the Sanborn Team to all individuals who need to have a home sold – especially under the conditions of probate which is often heavy with emotion because of the loss of a loved one.

Again, thank you so very much again for carrying me through this process.

Sincerely,

Cynthia Jennings.

When we receive a note like this one, it reminds us how important it is to provide superior top notch service to our clients. It also reminds us how much we enjoy what we do and that each morning we bring to our business enthusiasm, professionalism, and joy.

To find out about our enthusiasm and our dedication to selling probate & trust real estate please call us at 310-777-2858 or visit our website at www.SanbornTeam.com

The Legal Description of Real Estate

You may hear attorneys, real estate agents, title officers or escrow officers refer to the legal description of a property. So what exactly is the legal description?

The legal description describes what the real property is, where it is located, who is the owner, contains the tax assessor number, tract code, and lot number. This description defines the actual real estate.

The other day before a court hearing, we noticed that the legal description that was in the preliminary title report was different than the legal description in the court petition. This can be a big problem because if the legal description in the court petition does not match exactly the legal description in the preliminary title report, then you could be selling the wrong property.

Fortunately, due to our experience and our diligence in making sure that our client and attorney are ready for the court confirmation, we caught the mistake before the court hearing to confirm the sale of the property. Thus the attorney was able to fix the typo that was in the legal description on the court petition.

Experience and knowledge are golden when it comes to selling real estate through probate and trust. So working with an agent that specializes in probate and trust real estate is crucial and in the end, ends up saving everyone time and most of all money. The Sanborn Team has been listing, selling and marketing probate real estate for over 25 years and throughout Greater Los Angeles area.

For further information on our probate real estate services, please visit our website at www.SanbornTeam.com or call us directly at 310-777-2858.

Can Any Real Estate Agent Sell a Probate Property?

Why is it important to work with a real estate agent who is an expert in the sale and marketing of probate and trust properties?

When confronted with the task of selling real property through probate or trust the idea can be daunting. Probate and Trust real estate transactions are not the same as a traditional transaction. There are different requirements and it's important to be aware of these differences and work with a real estate agent that can protect you as the administrator of the estate and achieve the goal of getting the highest price possible for the property.

As an administrator you are faced with two tasks when selling real property. First you have to get the highest amount for the property for the estate, and second you have to work with representatives that will protect you.

Working with a real estate agent that lacks experience in selling real property through probate and trust, can result in finding the wrong buyer who clearly does not understands the terms of the sale and who does not close escrow. Although to many real estate agents the sale of probate seems similar enough to a traditional transaction, this sale take a comprehensive understanding of the court requirements. A real estate agent must have a unique and powerful marketing plan to insure that the property is sold for the highest amount possible at the court hearing.

When interviewing real estate agents for the sale of a probate and trust property you will realize that it is crucial to work with someone that understands these specific types of sales and has experience in dealing with probate and trust. The Sanborn Team brings you and your clients, 25 plus years of experience in marketing and selling probate and trust properties.

With a keen insight of the marketplace and a familiarity of the Probate Code, The Sanborn Team handles the sale of real property accurately and promptly and communication is always clear. As you know, the sale of real property through probate and trust is not the same as a traditional transaction. Probate and trust sales require special disclosures and listing agreements, and most importantly a unique marketing strategy.

To find out more about our expertise in selling probate properties in Greater Los Angeles, please visit our website at www.SanbornTeam.com or call us for a list of references, 310-777-2858.

New Probate Listing! Great Fixer in Sylmar

14451 Sayre Street

Sylmar, CA

$399,000.00

Attention: Investors, Developers and Builders! This is what you have been waiting for. 3+1+ unfinished bonus room. This property is in need of work. Here is an opportunity to build or remodel.

Probate sale, court confirmation required.

Please call us for a showing today! 310-777-2858

For our other Hot Probate Listings in greater Los Angeles, please visit our website at http://www.sanbornteam.com/

ATTN! Upcoming Court Date!

Calling All Buyers, Developers and Investors!

We have a great property that is going to court next week

235 W. 46th Street

Los Angeles, CA

This charming California Bungalow has 3 bedrooms and 1 bath. Spacious kitchen and living room. A large porch perfect for relaxing after a long day at the office.

Court date is set for October 10, 2007

Location: 111 N. Hill St Los Angeles, CA

Time: 8:30am

Department: 11

Call us today for a showing! 310-777-2858

To see The Sanborn Team's other hot properties in Los Angeles, please visit our website at www.SanbornTeam.com

Probate Terms You Need to Know

For over 25 years, The Sanborn Team has been selling real property through probate and Trust through Los Angeles. As experts and with many years of experience, we understand that selling a property through probate and trust is not the same as a traditional sale. With a keen insight into the probate code, we are very successful in selling probate & trust properties throughout Greater Los Angeles.

We also know that when buying or selling real property that is a probate or trust sale, attorneys and real estate agents throw out all these different terms and it can be confusing. We thought it would be helpful to provide you with a brief definition of Probate Terms that you need to know:

• Beneficiary: A person who inherits when there is a Will
• Custodian of the Will: The person who has the Will when the person who wrote the Will dies.
• Decedent: The person who died.
• Executor: A person named in a Will and appointed by the Court to carry out the decedent's wishes. This person is usually the "seller" of the real property.
• Heir: A person who inherits when there is no Will.
• Intestate: When someone dies without leaving a Will. Many times when there is no Will, the real property of the decedent requires court confirmation.
• Intestate Succession: The order of who inherits the property when the decedent does not have a Will.
• Legatees, or devisees: People who are named in a Will.
• Personal Representative (or administrator or executor): The person responsible for overseeing the distribution of the estate.
• Probate: The process of deciding where, how and to whom to distribute the decedent's property.
• Testate: When someone dies leaving a Will.
• Trust: When a person (trustee) holds property at another person's (settlor's) request for the benefit of someone else (the beneficiary).
• Will: A legal paper that lists a person's wishes about what will happen to his/her personal and real property after death.

If you have any questions about these terms please don't hesitate to contact us. 310-777-2858

We are here to meet any of your real estate needs in Great Los Angeles. For more information about our services or hot new Probate Listings, please visit our website at www.SanbornTeam.com