Don’t Hold Up Mountain View Probate Sale: Get Your Letters Certified

And by certified I don’t mean on Sesame Street.

There is nothing worse than getting to the closing of your Mountain View probate sale and finding out, oops you can’t close.  Or even worse, you are an out of town Personal Representative on this Silicon Valley Probate Sale and you are told there is a hold up. You need a CERTIFIED COPY OF YOUR LETTERS OF ADMINISTRATION in order to close the sale. Where are they? Did you leave them out the house? Did you leave them with your attorney?

Make sure that you have these letters in the certified form in your possession so that you can get them to the title company so that you can close this escrow.

There are many things to remember when you have the responsibility of an estate, whether it is a large or small one. There is a lot of paper work. You probably are dealing with mounds of paperwork from your deceased loved one as well as from the court.

Just treat the Letters of Administration like gold, since this is what proves you have the right to sell a home that does not belong to you. If you can not find anything else, find these and you can deal with the other papers later.

If you have any questions about buying or selling Probate Sales in Santa Clara County or San Mateo County  please free to contact me.

Marcy Moyer

Keller Williams Realty

www.marcymoyer.com

marcy@marcymoyer.com

650-619-9285

D.R.E. 01191194

There is Gold In That Silicon Valley Probate or Trust Sale

Have you ever noticed that homes where there has been a death on the property sell for less than a comparable home where there has not been a death ?  In California it is mandated that if there has been a death on the property it must be disclosed. There are many people who do not want to buy a home if there has been a death because either they think it is bad luck, or they feel that other people will think it is bad luck, and therefore have bad resale value.

Problem: with the incredible growth of home hospice, as well as an aging population, a lot more people are dying at home.  Most relatives do not tell their family members to go die somewhere else so the house is worth more. No, they provide loving hospice care so that people can die in peace in familiar surroundings.

Solution on the horizon.  More and more buyers are saying that they do not care if someone has died, but they are worried that a future buyer will care or their parents will say it is a bad investment.

If you understand the premise that real estate is long term investment and not a short term road to riches for most people, then you can see that the younger generation of buyers are not nearly as worried about ghosts as their parents. Over time, the parents will be gone, and this generation will probably have very few people who are concerned about a death on the property.

The point of this:  If you buy a Silicon Valley probate or trust sale and there was a death on the property you will probably get a great discount.  The homes I list where there has been a death are selling about 10% less than homes where there has not been a death.  If you sell again in 10-15 years there will probably be many fewer buyers who care and you may make 4-7% just on the death in house issue plus any appreciation earned over time and for modernizing a home.  On a $600,000 that is $24,000 to $42,000 just for buying a Silicon Valley probate or trust sale where there has been a death. For a million dollar property that is $40,000 to $70,000.

So, maybe it is time to re-adjust your thinking about what was once considered a major flaw in a property.