PROBATE, TRUST & CONSERVATORSHIP REAL ESTATE SALES
About Alexander Mulder, Certified Probate Real Estate Specialist
Alexander Mulder is a Certified Probate Real Estate Specialist and a Licensed Real Estate Agent with over 16 years of experience in helping families with probate home sales. He is trained to facilitate a seamless transaction. He is relationship driven and provides a superior level of customer service. Alexander is also a San Francisco native that has a network of professional resources who will work tirelessly to ensure you receive the highest return on investment in the shortest amount of time.
What is a Trust?
A Trust is a fiduciary arrangement that allows a third party, or trustee, to hold assets on behalf of a beneficiary or beneficiaries.
What is Probate?
Probate is the court supervised legal process that allows the property of a deceased person without a fully vested trust in place to be transferred to their rightful heirs.
How is a Probate/Trust Sale Different from a Typical Real Estate Transaction?
Probate and trust real estate require special disclosures and diligent attention to probate law. Most probate real estate requires court confirmation, so it is vital to hire a real estate agent that specializes in probate / trust.
Conservatorship is a legal concept in the United States. A guardian or a protector is appointed by a judge to manage the financial affairs and/or daily life of another due to physical or mental limitations, or old age. A person under guardianship is a “ward,” a term that can also refer to a minor child.
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Understanding the Overbidding Process
The judge will ask if there is anyone in the court who would like to bid on the home before approving the original buyer offer. Another bid must be 5 percent plus $500 above the original buyer offer. The judge will even accept bids that are additional in much exactly the same way as an auction until the highest bid accessible has been made at the confirmation hearing. If a fresh buyer wins, then the 10% will undoubtedly be refunded to the initial buyer. The purchaser must give a 10% deposit in the form of a cashier’s check upon accepting an overbid. The winning bidder gives to the Executor at the hearing that check. A contract is subsequently signed. This contract can have no eventualities and escrow normally closes within 15 days subsequent to the hearing.
Why You Need a Probate Real Estate Specialist
If you have been named as a personal representative of an estate, either as an executor or as an administrator, you might find the responsibilities a bit overwhelming as it involves specialized forms and disclosures as well as a strict timeline. The Following are Some the Benefits of Using My Services: I Am Certified by US Probate Services Specialize in Streamlining the Process of Selling Probate Homes and Personal Property Removal Facilitate the Showings, Tours and Negotiations Have a Thorough Understanding of the Necessary Procedures, Documentations and Timelines to Prepare and Sell a Probate Home Experienced in Working with the Courts, Attorneys and Various Professionals That Specialize in Updating the Home to Market Ready Relatively Quickly I Prepare a Comprehensive Probate Comparable Market Analysis (PCMA) and Comparative Market Analysis (CMA). (Both are required by the court to determine the value of the property at different times during the process.