Yesterday, I listened to offers on my latest probate listing, a very cute condo in Sunnyvale. It is an 880 square foot condo in a great location right across from a large park, and close to many Silicon Valley high tech companies. The schools are good, there is an inside washer and dryer, double pane windows, a two car garage, fresh paint, new carpets, a newer bathroom, and a dining room. It was listed at $409,000 which is a great price for a Sunnyvale probate condo that offers so many amenities.
The Sunnyvale Probate condo was popular. I knew there would be multiple offers and let everyone know it was a probate sale, posted all the HOA docs, inspections, and disclosures on my website, and spent hours explaining probate sales to agents and buyers.
Offers were due at noon yesterday. I received eight of them, a few more than expected. Of the eight, only four were on the California Probate Purchase form. Of these 4 only one was completely filled out correctly, and one had only one small mistake. Four agents used the wrong form, period.
I competed for this listing with 4 other agents and I was chosen because of my knowledge and experience with Sunnyvale Probate sales. The seller, who is the Personal Representative for the estate even told me there was another agent he personally liked better, but she did not have Sunnyvale Probate experience. If you do not know what a personal representative is, you are a rookie. There were agents who submitted offers that I liked also, but they made a big rookie mistake.
This is a very competitive market. Agents need to be on top of their game in order to represent both sellers and buyers properly. It starts by understanding the contract and the documents needed for each type of sale.
In a Sunnyvale Probate Sale, use the Probate Purchase Form. Then write a great offer, but without the right form, you will get nowhere.
If you have any questions about buying or selling a home in Probate, please feel free to contact me.
If you want to read my Probate and Trust blog click here.
Marcy Moyer
Ca BRE 01191194
650-619-9285
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