Daniel Batsalkin

 

BREAKING NEWS . . . Boulevard Realty has teamed with renowned probate and estate expert Michael Young to facilitate the sale of your probate or estate property.   We work with attorneys, conservators, executors, administrators, accountants, trustees, other real estate agents and of course clients.  Our goal is to make it as simple and easy as possible throughout the process!

 

The Benefits of Using Boulevard Realty For Your Probate and Estate Sale

1.)    Specialized knowledge and experience:  Michael Young, head of our estate division, has personally handled over 1,000 Real Estate sales involving Estate, Probate and Trust.  Any agent can put a sign in the yard and belong to the Multiple Listing Service; the sale of your property is much more complicated than that. Can you afford to risk your sale with an “ordinary” Realtor?
BENEFIT: Higher price for your home.

2.)  Our “Army”: A special sale requires special assistance.  A “specialized” escrow officer, appraiser and title company in addition to cleaners, haulers and other service providers.  20 years establishing cooperative business relationships translates into having the best people working for you and your unique sale.
BENEFIT: Saves you Time and Money by hiring a TEAM.

3.)  Superior Los Angeles area knowledge of the market:  In today’s fast-paced Real Estate environment, beware of the “neighborhood specialist.”  The buyer willing to pay “top dollar” for your home is most likely not coming from your neighborhood; they are most likely coming from somewhere else in the Los Angeles area or even outside the Los Angeles area.  With team offices throughout California, we can take advantage of the buyer’s desire to buy what they can afford.
BENEFIT: The “Plan of Action” in marketing your property is tailored to finding buyers throughout your local as well as the national market-place.

4.)    “Coaching” of agents and their buyers:  Since most Realtors and buyers are not familiar with the unique selling process of an Estate or Probate, we regularly help them understand and facilitate the transaction, so as to make it smooth and efficient for all parties involved.
BENEFIT: You have more control over the transaction.
 
5.)  We make it simple!  As the Attorney, Executor, Administrator, or Trustee, we realize and understand the responsibility that you have.  We at Boulevard Realty do our best to anticipate any and all potential challenges that may occur, and address them promptly. Calls are always returned as soon as possible.
BENEFIT: You have Peace of Mind knowing that your business is being handled professionally and expertly.

 

 
HOW LONG DOES THIS TAKE?

 

Selling Probate Property – A Timeline

 

* Your attorney files the petition for your appointment as the estate’s personal representative.

 

Day 1 –The Probate Court issues Letters; your authorization as the personal representative.

 

Day 10 –Boulevard Realty is selected to market the home.

 

Days 10-40 – An intensive marketing period occurs with our Plan of Action.

 

Day 40 – OPTION “A” – if sold under Independent Administration: Upon acceptance of an offer without Court Confirmation, if applicable, a typical 30-45 day escrow period follows. The successful bidder secures financing, executes proper documents, causes escrow to close, and approximately . . .

 

Day 70-85 - The estate receives final sales proceeds.

 

 

DAY 40 – OPTION “B” – If sold with Court Confirmation: Upon acceptance of an offer subject to Court Confirmation, a confirmation hearing date is set by the Probate Court. This normally occurs if there is fighting amongst family members. Court (usually 30 days after this initial bid acceptance). On approximately Day 70, in person, the attorney reports to the open probate courtroom and to the Probate Judge the Personal Representative’s willingness to accept the previously made bid. At the court hearing, the Judge then offers anyone present in court the opportunity to make a final, higher bid on the property. This is truly a live, in-court auction. At the conclusion of a back-and-forth auction, the final sales price and highest bidder are approved by the Probate Court. A typical 30-45 day escrow period follows. The successful court bidder secures financing, executes proper documents, causes escrow to close, and approximately Day 100-115, the estate receives final sales proceeds.

 

 

For more information regarding our probate and estate division, please call us at 310.601.7875 or e-mail us.  We look forward to being of service.