What does it mean if a house is a Probate sale?

Amy Clayton, Ps...
Home Buyer
Valley Village, CA

Answers (3)
Best answer: Dyanna
First to answer: Dorene Slavi…
Dot Chance
Agent
Studio City, CA

Hi, Amy. Most, but not all, probate listings do require court confirmation for the sale. They also usually have a minimum down payment they require. Many probate listings are fixers and are sold AS IS.

Are you looking in Valley Village? I have listed and sold properties in Valley Village and lived there for over 8 years until a few months ago.

Please let me know if you have any other questions about probate or other real estate related questions. I'm here to help!

All my best,
Dot Chance
Keller Williams Realty
Studio City
818-339-7712

Web Reference: http://www.DotChance.com
Sat Apr 18 2009, 23:04
Dyanna
Agent
California
BEST ANSWER

To add to the previous post, if a house is a probate sale it usually needs court confirmation. Court confirmation means that the court will approve (or not) the offer you presented. Now if there are others at the courthouse that want the same property, you can and usually do get outbid. Many, many investors go to court confirmations and outbid the current bid. I hope this helps.

Good Luck,
Dyanna

Sat Apr 18 2009, 20:25
Dorene Slavitz
Agent
Culver City, CA
FIRST ANSWER

Probate is the legal process by which property – owned by a person who had died – has been passed to his or her heirs after their death. So the house was owned by a person who passed away, and is being sold.

Sat Apr 18 2009, 10:31

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