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This probate sales activity report includes probate and trust real estate sales in Santa Clara County in March 2018. This report is comprised of statistical data from March 1, 2018, through March 31, 2018, extracted from our local Multiple Listing Service (“MLS”) as of April 1, 2018. The data includes single-family homes, condominiums, and townhouses and may not include “off-market” sales.
Probate Sales Activity March 2018
- 3 Active properties for Sale
- 2 Single-family homes
- 1 Townhome
- All Probate Sales
- 11 Pending Sales (Under Contract)
- 9 single family homes
- 1 condo
- 1 townhome
- 9 probate sales
- 2 trust sales
- 7 Sold Homes
- 5 single family homes
- 1 townhouse
- 1 condo
- 6 probate sales
- 1 trust
Highest Price Home Sold
The highest price home sold was a single-family home located in Palo Alto 94303. The home has 3 bedrooms, 1 bathroom, approximately 1,004 square feet of living space, and a 6,240 square foot lot. The home was 65 years old. It was listed on December 19, 2017. The list price is $1,800,000. On January 16, 2018, the MLS reported pending status. On March 16, 2018, it was reported sold. The final sales price reported was $2,301,000. It was a cash sale.
Lowest Price Home Sold
The lowest price home sold was a condominium located in Campbell 95008. It had 2 bedrooms, 1 bathroom, and approximately 798 square feet of living space. It was listed on February 12, 2018, for $475,000. On February 23, 2018, the MLS status was changed to pending. On March 14, 2018, the status changed to sold. The final sales price was $580,000. It was a cash sale.
It is interesting to see the number of probate sales versus trust sales. Some people may feel it is just too expensive to create a living trust. However, creating a living trust is how we can avoid probate and conservatorship. In most cases, the cost of probate is far more in terms of time, expense, and frustration.
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 then give me 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.