Getting an idea of what your Aunt's property might sell for depends on the area (location! location! location!), the condition of the home, and what similar properties are going for in the immediate surrounding areas. Is it on the beach or in the Malibu Hills, etc. it might be perfect for a builder/investor. Contact me if you would like more information.
Malibu is a wonderful place to live and own property.
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Prices ARE rising and there is a very hot buyer market out there. I believe you would do better if you work directly with a Professional Realtor on a CMA on your property. We do expect a very busy Spring and Summer Selling season this year.... more
I can give you free professional advice after looking at your property and tell you exactly what to do it order to make you home more attractive to prospective buyers!
I'll be happy to take a look at a property and provide you with free market price opinion.
Indeed it is a great market for standard sellers, not a lof of competition!
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If it’s grey hair and wrinkles, so far you are the leading contender ... :)
Other than Dan, whose opinion is usually different than a normal buyer, we don’t have any "end users" commenting so far ... so I'll chime in.
I buy homes in other states, and look for local realtors with extensive local knowledge and understanding of current market conditions (that usually translates to someone who has done a fairly large number of transactions in the past year). More important, I want them to answer their phones and emails. Promptly.
I was recently looking for a REALTOR® in an eastern state. I did my research and then and sent out a number of email queries. I did not get ONE response. I started calling, and even then did not get responses. I finally went with the first person who actually answered the phone and am now in escrow.
I would think that the tax assessor, who collects the property taxes, would increase the taxes since it would increase the value of the property if you owned it as opposed to leasing it. Best way to be absolutely sure would be to call the L.A. County Tax Assessor's office.... more
These folks here are Realtors, not attorneys. Your question will have to be directed to an attorney. Especially since there is no "one size fits all" answer to your specific situation. The attorney will want your full story, and she / he will need to see the documents in question.
If you are the transferee, and you have an owners title of policy, your title insurer may be able to advise you, If you don't like the title insurance company answer, you don't have to stop there, but you should probably start with the title company.
I will venture out far enough to opine that a "transfer of title" does not necessarily extinguish all debts and liens against a property;, a good title policy should reduce many of those risks.... more