New Hollywood Hills Listing

1742 Courtney Ave Los Angeles

Hollywood Hills! Minutes from Sunset Strip, this Spanish 2+1.75 boasts spacious living room with fireplace, formal dining room, hardwood floors, updated kitchen and a private yard with room for a pool. Probate sale, court confirmation required.

$999,950.00

2+1.75

1,565 square feet

7,500 Lot

For more information about how to purchase a probate sale, please visit our website at www.SanbornTeam.com or call us to a private showing today at 310-777-2858

What is A Probate Sale?

Q. What is a Probate Sale?

A. A Probate Real Estate Sale, is real property governed by the probate court. When a person passes away and there is no will or the will be 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. This process of selling and purchasing this type of real estate is very different that a typical transaction. Most of the time these sales require court approval and the terms are very different from a traditional real estate sale.

For additional information about Probate Real Estate and to see what properties are available, please visit our webstie at http://www.sanbornteam.com/

Purchasing Probate Real Estate

Purchasing Probate Real Estate that Requires Court Confirmation

The vast majority of real estate transactions are not probate sales, thus many buyers and real estate agents do not know how to purchase probate real estate. In a probate sale the estate accepts a bid and that accepted bid/offer requires court confirmation. This can be very confusing, especially to buyers and their agents. We at the Sanborn Team take the time to explain the process clearly and precisely on how these specializes probate sales work.

In a probate sale, an offer is accepted and then a court date is set. The court date cannot be set prior to acceptance of an offer. The attorney of the estate petitions the court after the offer has been accepted and then an actual hearing date is set. Once the hearing date is set, The Sanborn Team lets everyone and all agents about the court hearing – on all the real estate websites and print advertising.

The opening bid in court is determined by the Probate Code, and the sub sequential bids are set by the judge on the bench. Any buyer who wants to purchase the real estate will be purchasing the property under the same terms and conditions as the original buyer. If a buyer does come to court to overbid, then the real estate is sold in an auction, and all interested parties can bid on the property, including the original buyer. When the final bid is reached, the judge announces that the property has been sold. From that day on escrow is opened and closed within 30 days.

If you have any additional question about purchasing Probate Real Estate, please call The Sanborn Team at 310-777-2858 or visit our website http://www.sanbornteam.com/ which is full of good information.

We are here to take the challenge and confusion our of purchasing real estate through court confirmation.

The Value of Home Ownership - Chris Ayres Nails It!

We Love this Article!

In his Sunday Opinion piece in the August 17, 2008 Los Angeles Times, "Loving your house again," Chris Ayres explains why recent home buyers should be thrilled with their purchase. Not only do they have a roof over their heads, but in spite of the 'doom and gloom about a tanking market,' their investment is getting more valuable! He nails it -- with great good humor.

The article resonates for The Sanborn Team because it reflects our philosophy: buy the home you love and hang onto it. History shows us again and again that you'll have a ring-side seat during the financial circus and, at least in the Southern California market, with modest maintenance your home is almost certain to increase in value.

To read Chris Ayres' article, go to http://www.latimes.com/news/opinion/sunday/commentary/la-oe-ayres17-2008aug17,0,1698378.story

If you're wondering how your home measures up in today's market, or to talk about your real estate needs, concerns or goals, give The Sanborn Team a call at 310-777-2858.

Upcoming Beverly Hills Bar Meetings

As Sponsors of the Beverly Hills Bar Association Trust & Estate Section and Elder Law Section, we would like to make you aware of two upcoming meetings:

Tuesday August 19, 2008

Topic:

"Prying Open Attorney Client Communications in Estate Planning, Administration, and Litigation of Trusts and Estates."

Location:

LAWRY'S 100 N. La Cienega Blvd., Beverly Hills

Time:

Registration/Lunch: 11:45 a.m.- 12:30 p.m.

Thursday August 21, 2008

Topic:

"Just About Everything Elder Law Attorneys Need to Know About the Domestic Partnership Laws"

Location:

BHBA CONFERENCE CENTER, 300 S. Beverly Drive, #210, Beverly Hills

Time:

Registration/Lunch: 11:45 a.m.- 12:30 p.m.

As your Probate & Trust real estate expert, we are here to assist you and your clients with comprehensive real estate expertise. For more information about our services, please visit our website at http://www.sanbornteam.com/ or call us at 310-777-2858.

Tips for Selling Probate and Trust Real Estate

Tips for Sellers

Although we do not normally recommend doing repairs to probate and trust properties prior to placing them on the market, there are still a few things that can always be done to a property to increase its curb appeal.

1. Mow the lawn and keep it watered.
2. Don’t let hedges block the windows. Let natural light in.
3. Get rid of the weeds.
4. Make sure that the walkway is easy to maneuver.
5. Freshen up the exterior. Power wash the house.
6. Have the windows cleaned (inside and out).

The Sanborn Team specializes in assisting buyers and sellers in dealing with the unique situation of selling homes that are in Probate and Trust. Please call us at 310-277-2858 for any of your real estate questions or visit our web site at http://www.sanbornteam.com/