What does it mean Probate? A question often asked by buyers and sometimes even by sellers. Since I get asked this question more often, I thought I would share this with all potential buyers and sellers, not just in the Greater Los Angeles area, but everywhere there is a need to answer this question.

Probate is the court procedure that changes the legal ownership of the property after the owner passed away. Probate makes sure that the last will and testament is valid. Generally the executor named in’ the will’ supervises this process.

In other words “the will” must be admitted to Probate and the “estate” of the deceased must be “probated”.  Keep in mind even if there is no “will”, there is a “plan” dictated by the laws of the state where the owner last resided at the time of death.  Here in California there is the California Probate Doe and the Sections from 6400 through 6414 address the “intestate succession and the distributions of the properties”.

Some of the people who are about to “inherit” the properties go “through probate” first before selling. Then there are others who start the sales process and that is when you see in the comments section “Court Confirmation Required”

If you are a consumer who is considering buying or selling a home, investment real estate, vacation homes, or beach properties in Southern California, Los Angeles, Century City, Westwood, Brentwood, Bel Air, West Hollywood, Beverly Hills, Culver City, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 or email me at homes@endrebarath.comor visit one of my websites at http://www.endrebarath.com Your Pet Friendly Realtor. I contribute a portion of my commission to Local Animal Rescue Organizations.

2212 Hillsboro Ave., Beverlywood, CA

$895,000

Here’s a great new short sale listing in Beverlywood, that may or may not be a deal...depending on where you pull your comps from.  Beverlywood technically ends at the eastern border of Robertson, and this home is located west of this street...falling safely within the presigious borders of Beverlywood.  But...if the appraiser pulls the comps directly out within a 1/2 mile radius, this "drawn in the sand" border is crossed, which lowers the comps, making this home on the pricey side.  However, limit the comps to within the Beverlywood boundaries, and this home is priced on par with standard, non short sale homes.

One of the strongest pulls of the Beverlywood area are the great schools.  By buying a home in this area, parents can save a bundle in private school fees year after year.  This sleepy little enclave, just south of Beverly Hills is made up of homes mostly built between the 1920’s and 1950’s.  This particular home was built in 1948.

This home, last purchased in 2004, has been beautifully renovated.  The floor plan flows organically and the natural light comes pouring in.

The bedrooms have just as much flair as the rest of the house, ample windows and both are spacious.

Also typical of the area are the large lot sizes...this one comes in at 6,720 square feet.

If you'd like to see this home in person email me, or call me at 213-309-5005. 

Listing provided courtesy of Ewing & Assoc. Sotheby's.