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This is a Good Time To Sell A Home in San Jose Where There Was a Death
In California, if there has been a death on a property that fact needs to be disclosed to prospective buyers in writing for three years after the death. After three years if a prospective buyer asks the agent and seller need to answer honestly.
In the past homes Probate homes in San Jose where there has been a death on the property sell on average 10% below what they would have sold for if there had not been a death.
At this moment in time, and it may be for only this moment in time, that common knowledge is no longer applicable. San Jose Probate homes where there has been a natural death are not getting hit with the 10% "death tax."
There is a very good reason for this. Two reasons actually.
1. There is no inventory of homes for sale. The number of homes for sale is at their lowest number ever.
As you can see from this chart in new San Jose home listings in red are at their lowest level in the last three years.
2. The Google Bump
In June, 2017 Google announced they were expanding their campus to downtown San Jose at the Diridon station area. Since then prices have sky rocketed, 10% ... more
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