probate: HOW TO PLAN AN “ESTATE SALE”
- 08/23/12 01:14 AM
PLANNING AN ESTATE SALE As a Certified Probate Real Estate Specialist (CPRES) I frequently become involved with families who just have no idea of what to do or how involved it is to liquidate the personal property of their recently departed loved one. In my last article, I took some time to explain what an Estate Sale actually is and how it is different from a Yard Sale or Garage Sale. I went into some detail as to why a third party may be conducting the sale and perhaps most importantly I shared some insight as to how the family may … (0 comments)
probate: WHAT IS AN “ESTATE SALE”?
- 08/22/12 05:36 AM
WHAT IS AN “ESTATE SALE”? As a Certified Probate Real Estate Specialist (CPRES) specializing in the sale of Probate Real Estate, it is not uncommon to witness the survivors of a loved one make decisions that they would not normally consider under other circumstances. I know… I’ve done it myself, and still want to kick myself when I think about how foolish I was. (Actually, I have other words to describe myself in the months that followed the passing of my wife that come to mind, but I’ll remain professional here.) More often than not, the closer we were to the … (5 comments)
probate: Is the Sale of Probate Real Estate different from Traditional Sales?
- 07/19/12 02:17 AM
Is the Sale of Probate Real Estate different from Traditional Sales? The short answer is absolutely YES! The next question then is "How is the Sale of Probate Real Estate different from the sale of Traditional Real Estate?" In California, unless there is a trust in place, when someone dies that owns real property the estate is subject to certain legal requirements and regulations that we know as Probate. Of course, I am not an attorney nor am I providing you with legal advice - for that consult with your own attorney for details regarding your specific circumstances, or do you own due diligence and … (3 comments)
probate: Probate and the Tax Professional
- 06/19/12 12:36 AM
Probate and the Tax Professional Once again, I find myself disclosing why you should read this series of articles with the understanding that this is not to be considered either Legal or Accounting Advice as I am but a mere mortal REALTOR who has earned the Certified Probate Real Estate Specialist (CPRES) designation and am only qualified to assist with the sale of real estate. Fortunately, I am qualified to help with all matters of real estate while in the probate process. This series of articles is intended to be nothing more than a brief overview of what can be expected and … (2 comments)
probate: Do You Need a Probate Attorney?
- 06/18/12 08:08 AM
Do You Need a Probate Attorney? Acting as the Executor, Administrator or Trustee of an Estate or Trust can seem like a full time job, at times. If you are reading this series of articles, then you are probably just starting to figure it out. As I disclosed in the first article of this series, I am neither an attorney nor anyone qualified to render any sort of legal advice. I am a REALTOR who has lost both my mother and wife, in the last 10 years and has become Certified as a Probate Real Estate Specialist (CPRES). This means I … (0 comments)
probate: Who’s Who in a Trust?
- 06/07/12 06:50 AM
Who’s Who in a Trust? In my previous article, “Who’s Who in a Probate” I covered the roles of an Administrator, an Executor, a Personal Representative (PR). I talked a little bit about Full Authority and Limited Authority and even discussed Bonds. I defined, in my own words, what a Fiduciary should be and wrapped the article up promising to talk a little bit about Trusts. I also gave a pretty detailed disclaimer which is incorporated here for the benefit of this article. If you haven’t read it, please go back and check it out now. A Trust A Trust is … (2 comments)
probate: Who’s Who in a Probate?
- 06/06/12 11:01 PM
Who’s Who in a Probate? Personal Disclaimer I should start this series of article with a disclaimer – I am not the person you want to come to for legal advice when it comes to Probate or any other matter that has legal consequences. I am a REALTOR who has been certified by the U.S. Probate Services Organization as a Certified Probate Real Estate Specialist (CPRES), and focus an important part of my business with Probate Real Estate. I just have a working knowledge of Probate. In addition to my years of professional real estate training and practice, I have gone … (0 comments)
probate: The Probate Process
- 06/05/12 11:45 PM
The Probate Process The legal Probate process will generally not be resolved in less than 9 months and normally will not extend much past the 18 month point. Much depends on the speed and motivation of both the Attorney for the estate and the PR (Personal Representative). This article is the second in a series. The first article covered an overview of a few of the key players. In this one I want to dive in a little further to the roles of these key players and an overview of the process. Please remember that I am not an attorney and … (3 comments)
probate: Temecula Real Estate: What is Probate?
- 06/05/12 11:13 PM
Temecula Real Estate: What is Probate? When searching the MLS for Temecula Real Estate, the searcher will occasionally find Probate Listings and often become confused as to what this status actually means. Many times, the home shopper will ask their REALTOR about the Probate process, only to have the question dodged and a discouraging reply, such as, “It’s a long, complicated and unpredictable process with an uncertain outcome that must be approved by the court.” Sadly, the home is then overlooked and more traditional listings are then pursued. Probate, by its very definition is a legal process that oversees the settlement … (2 comments)
Throughout Southern California the number of Probate filings in the local courts appear to be endless. Probate is a complicated process that carries significant consequences. Executors and Administrators are required to have the knowledgeable resources available to assist in the facilitation of the marketing and sale of the real estate. The courts, of course, want to ensure the transaction is handled efficiently and with integrity. Certified Probate Real Estate Specialists have been specially trained by US Probates Services on the process of selling real estate through the probate process. Probate … (8 comments)
When looking at the number of listings that have come on the market over the past 5 years you can see that we have sold an awful lot more of our inventory than we have replenished The CURRENT ACTIVE INVENTORY in SAN JACINTO, CA consists of ONLY 228 ACTIVE Listings of which only 50 are REO Bank Owned homes for sale, per the MLS as of the time of the writing of this article. … (0 comments)
probate: San Jacinto, CA MARKET REPORT: SOLDS | 6/21/2009 - 7/20/2009 | The Average Home
- 09/06/09 09:42 AM
This is a follow up series of article to the series I previously published analyzing the San Jacinto Real Estate Market from May 20th, 2009 through June 20th, 2009. This market report covers the next 30 days from June 21st through July 20thm 2009; looking at all of the Residential Homes that SOLD in San Jacinto during the period. Data was gathered from the SoCalMLS, downloaded and analyzed in Microsoft Excel.This information is to be considered useful, but please do not rely on it for any financial decisions without verifying the data for yourself. There are, of course, no guarantees to … (2 comments)
PLANNING AN ESTATE SALE
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