As a realtor who specializes in Probate sales I have recently been involved with a number of families were trying to sell homes they thought they inherited or had title to, but wound up in Probate instead. Since the Probate courts are backed up, this can cause delays, heartache, and tension for the families and were problems that probably could have been avoided. I want to say firmly, I am not a lawyer. I am a Realtor who specializes in selling homes in Probate and this is not legal advice. If you are going to be involved in intra family title changes PLEASE get the advice of a lawyer. This (2 comments)
This is a question I get asked all the time. When an owner has passed and has rental property should the heirs sell the Morgan Hill probate or trust home with the tenants in place, or wait until the lease is up?
While most years I would say wait until the tenants are gone, but with the uncertainty of how the new tax laws will effect prices and what will happen to the Morgan Hill market that has already shown signs of appreciating with very tight inventory, the answer is not clear cut.
Sell Morgan Hill Probate or Trust Home With Tenant: Pros:
Anyone who has looked for acreage in places like Pescadero, Gilroy, or Morgan Hill has probably come across a situation where a neighbor or friend has horses or goats or cows who graze the property. You ask to see the lease and the response you get is often, “There is no lease, they have an informal agreement that Ms X gets to keep her livestock on the property in exchange for the livestock grazing Mr Y’s land.
Mr Y does not have to pay the high cost of keeping the grasses and weeds cut and Ms X does not have to pay (0 comments)