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This probate sales activity report includes probate and trust sales in Santa Clara County in June 2018. This report is comprised of statistical data from June 1, 2018, through June 30, 2018, extracted from our local Multiple Listing Service (“MLS”) as of July 1, 2018. The data includes single-family homes, condominiums, and townhouses and may not include “off-market” sales.
Probate Sales Activity June 2018
- 7 Active properties for sale
- All single-family homes
- 6 probate sales
- 1 trust sale
- 12 Pending sales (Under Contract)
- 11 single family homes
- 1 condo
- 10 probate sales
- 1 trust sale
- 7 Sold Homes
- 6 single family homes
- 1 townhouse
- All probate sales
Highest Price Probate Home Sold
The highest price home sold was a single-family home located in Sunnyvale 94087. The home has 3 bedrooms, 1 bathroom, approximately 1,471 square feet of living space, and a 10,060 square foot lot. The home was 68 years old. It was listed on May 25, 2018. The list price is $1,788,888. On June 8, 2018, the MLS reported pending status. On June 26, 2018, it was reported sold. The final sales price reported was $1,875,000. The sale did require court confirmation. It was a cash sale.
Lowest Price Probate Home Sold
The lowest price home sold was a single-family home in Morgan Hill 95037. It has 4 bedrooms, 2 bathrooms, and approximately 1,995 square feet of living space, and an 8,478 square foot lot. It was first listed on April 13, 2018, at a list price of $400,000. The property was marketed as a “fixer” and “uninhabitable”. On April 19, 2018, the list price was increased to $550,000.
On May 2, 2018, the MLS status was changed to pending. On June 12, 2018, the status changed to sold. The final sales price was $742,000. There were 42 offers received. It was a cash sale. Court confirmation was required.
There was only one trust property listed for sale in June 2018. As an agent that specializes in probate, I am amazed every month when I review the data to see so few trust properties for sale.
A living trust not only can avoid probate and a conservatorship I believe is among the best gifts we can leave behind. Paying an attorney to create estate planning documents saves costly probate fees after we die. It also helps whoever is managing our estate to have all the necessary documents in order.
Certified Probate Real Estate Specialist
While many aspects of probate sales may be similar to a non-probate sale of real property, a personal representative is well advised to seek a qualified real estate agent to represent them in the sale of a probate and trust home. We live in a highly specialized world today. Hiring a Certified Probate Real Estate Specialist is just as important as hiring an attorney who specializes in probate.
If you need an attorney who specializes in Probate I am happy to recommend one. If you already have an attorney and simply need help with selling property in probate or trust then give Kathleen Daniels a call. I may be reached at my office at 408.972.1822 or on my cell at 408.499.8751. If you prefer, you may request a consultation. We’re here to help.