While most years I would say wait until the tenants are gone but with the uncertainty of how interest rates will affect prices and what will happen to a Palo Alto market that has already shown signs of slowing, even with very tight inventory, the answer is not clear cut.
Sell Palo Alto Probate or Trust Home With Tenant: Pros:
A trust sale is not the same as a regular sale. But the differences are not that great. It is actually a much more simple process than a probate sale, and a world away from a short sale or foreclosure.
In a trust sale, the owner of a property has passed away and the home is being sold to settle an estate. The seller of the house is the successor trustee to the estate and is charged with disposing of the assets of the estate to … (1 comments)
palo alto trust sale: What To Do About A Cash Poor But House Rich Palo Alto Estate
- 04/24/11 02:22 PM
Home prices in Palo Alto have skyrocketed over the last 30-40 years. There are many homeowners who bought in Palo Alto in the 50's and 60's for $15,000-$35,000, paid off their mortgages, and stay in their homes until they die. In the 50's and 60's if you worked for the city you were required to live here, and many teachers, police officers, firefighters, and other city employees bought modest homes, often in south Palo Alto. Sometimes these homeowners have very little to leave their heirs other than a home worth a million dollars or more. If you inherit one of these … (1 comments)
palo alto trust sale: Why Should You Stage Your Palo Alto Trust or Probate Sale?
- 12/20/10 05:06 AM
Have you noticed that there is an increase in the number of trust and sometimes probate sales in Palo Alto and the surrounding areas? Here is a logical explanation for this. The World War 2 generation is unfortunately dying off. Many people in this generation lived in their homes for many years, and did not keep up with the latest interior design styles even if they were good at maintaining their homes. Some people spent too long living without help the homes may have smells, stains, or deferred maintenance. If you are an executor or personal representative for one of … (0 comments)
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