Tuesday, May 29, 2012


It's true! Anything under $700,000 is flying off the shelves. Agents can't keep enough properties listed to meet the demand. Home sales for the 22 business days ending April 17th (all of April is not yet available), showed total resale houses sold at 1,916 for Orange County, up 16.1% from 2011. Condominium volume was up nearly 12%. One zip code in the city of Orange was up 37%, one in San Clemente up 83%. With interest rates hovering around 4% or even a tad lower, and housing at its bottom for likely this century, it's easy to see why the buyers are out for a spring buying fling!


Experienced Probate Realtor

Probate is the legal process of administering the estate of a deceased person by resolving all claims and distributing the deceased person’s real and personal property under the valid will.

Probate generally last several months and often times over a year for all property to be distributed.

Disposing of real property in a probate requires the Realtor to understand what probate is, and to be sure to market the property in the best interest of the estate following procedures set down by the court. The Realtor also needs to be mindful of the role as agent only for the estate and not become entangled in any legal issues or disputes between the heirs. Keeping notes, documenting marking efforts and being able to show the property was exposed to all interest parties at times is critical should things get contentious.

I often see probate properties treated as normal sales and they are not. Posting a property as pending or back-up in the MLS, installing a “SOLD” sign prior to court approval, not posting a court date for properties subject to overbidding are just a few of the errors made that can cause the estate lost dollars and maybe even more importantly court delays. The agents duty is to the estate only, not to a buyer, beneficiary, creditor etc.

To avoid probate we all should consider having a family trust. However if your only option is probate, the attorneys and administrators need to work with Realtors with verifiable probate sales experience and referrals. Please call me if you need a referral to an attorney to set up a trust or if you need and experienced probate Realtor.

Experienced Short Sale Agents

If you or someone you know is having mortgage problems, give us a call. We can tell you about all your options.