This is our January 2020 Santa Clara County probate home sales market activity report. The data consists of homes sold in probate and homes sold in trusts. There were no conservatorship sales in the month of January.
There is a legal process an executor and administrator must follow to administer an estate. The process includes, among many other things, how to sell a probate home.
This report is comprised of statistical data from January 1, 2020, through January 31, 2020, extracted from MLS Listings “MLS” as of February 1, 2020.
The data includes single-family homes, condominiums, and townhouses and may not include “off-market” sales. An “off-market” sale is when the property is sold without listing on the Multiple Listing Service.
Santa Clara County Probate Home Sales in January 2020
The breakdown of the sales activity is as follows:
- There were 6 homes for sale
- 4 single family homes
- 1 condominium
- 1 townhouse
- 6 probate sales
- There were 9 pending sales (under contract)
- 8 single family homes
- 1 townhouse
- 7 probate sales
- 2 trust homes
- There were 5 homes sold
- 3 single family homes
- 2 condominiums
- 5 probate sales
DISCLAIMER: All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by the broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Probate Home Sales | Lowest Price Home Sold
The lowest price home sold was a condominium located in San Jose in the 95110 zip code. The 35-year-old studio condo has 1 bedroom, 1 bathroom, and 468 square feet of living space. It was first listed for sale in August 2019. The original list price was $389,000. After a couple of price reductions, the condo was reported pending on December 2, 2019. The studio condo closed escrow on January 7, 2020. The final sales price reported was $285,000, over $100,000 below the original list price.
Probate Home Sales | Highest Priced Home Sold
The highest-priced probate home sold was a single-family home located in the Cambrian Park area of San Jose in the 95118 zip code. The home has 3 bedrooms, 2 bathrooms, and approximately 1,276 square feet of living space on a 6,618 square-foot lot. The home is 55 years old.
The home was listed on November 19, 2019. The list price is $800,000. The MLS reported pending status on December 12, 2019. On January 10, 2020, it was reported sold. The final sales price reported was $901,000 which is more than $100,000 above the list price. This was a cash sale.
How to Sell a Home in Probate in Santa Clara County
The process for an executor or administrator selling a probate home in Santa Clara County starts with the attorney filing California probate forms for a petition for probate. The process is administered by the Santa Clara County Superior Court, Probate Division.
At the hearing, the petitioner asks for authority from the court to administer the estate. The authority granted by the court depends upon if the person died with a Will, or Intestate without a Will, and if Full Authority is granted under the Independent Administration of Estates Act or IAEA. There are reasons the probate judge may not grant full authority.
Having the full authority to act does not mean that the process is easy or can be accomplished quickly. Read our page How long does probate take in California to learn more about the timeframe.
Successor Trustee Selling a Home
When a successor trustee sells a home held in trust, as a certified trust specialist, it is our best practice to confirm the title to the real property is titled in the trust. We also confirm the representative capacity of the person selling the home. Once we get all of the necessary documents we can execute a listing agreement and open escrow.
There are some seller disclosure exemptions when selling a home in a trust. We go over the process with our clients upfront to ensure they understand what is expected of them as well as all of the details we manage.
We understand the challenges people face. Experience does make a difference. We know a higher level of service is needed when representing an estate. We are about high-tough versus a high volume of sales.
We limit the number of clients we work with to ensure we can provide all clients with the highest level of representation. Working with out-of-state and out-of-area clients generally requires more of our time.
We track probate home sales in Santa Clara County because it is important that we keep current with the market.
When you need help, call Kathleen Daniels at 408-972-1822 or contact us and request a consultation.