Probate Real Estate
California Probate Realtor
and Probate Real Estate Information
Probate is the legal process wherein the estate of a decedent is administered. It is the legal method to transfer assets such as houses, cars, stocks, bonds, boats, and personal belongings from a deceased person’s name to his or her estate. Once the probate process is complete, assets will be sold or distributed to the heirs.
When Is Probate Required?
When a person passes away and had accumulated assets in excess of $100,000, his or her estate must go through probate. The probate court oversees the entire process. If the decedent leaves a will directing how his or her property should be distributed after death, the probate court determines if it should be admitted to probate and given legal effect. If the decedent dies intestate—without leaving a will—the court appoints a Personal Representative.
Duties of Personal Representative
The Personal Representative (PR) distributes the decedent’s property according to the laws of Descent and Distribution. The laws of Descent and Distribution direct the distribution of assets based on hereditary succession.
Real Estate may be included in an estate. Sometimes the real estate is owned free and clear, but other times the property may be encumbered by a mortgage. Real Estate affected by probate can include houses, condos, timeshares, lots of land, and commercial properties. If a Personal Representative or an Executor is named it is his or her responsibility to gather deeds, insurance papers, annuities, and mortgage documents.
The Representative is also responsible to safeguard the assets while in the midst of probate. Once the probate process is complete, the PR will liquidate according to the decedent’s wishes or as necessary in order to pay outstanding obligations. In California, there are specific rules and guidelines to follow when handling matters of an estate. As such, it is important to rely on the help of a Probate Real Estate Specialist to make sure the correct processes are followed.
How Midas Realty Group Can Assist
Midas Realty Group is experienced in handling probate sales throughout California. Our Broker is a Certified Probate Real Estate Specialist (C.P.R.E.S.) as wells a Senior Real Estate Specialist (S.R.E.S.). As specialists, we assist you in navigating through the probate system. We assist you in handling your real estate matters quickly and responsibly- whether you are located around the corner or across the country. In addition to listing and selling your property and providing full service, experienced representation, we can also
|Provide Complimentary CMA||Arrange for termite inspections||Coordinate cleaning of property|
|Obtain title documents||Assist to ensure property I secure||Organize shipping of items|
|Make court appearances w/ atty||Advertise property to public||Provide all legal disclosures|
|Share property with our investor network|
As Probate Specialists, we don’t provide just one service to our clients; we also assist our clients in handling the details that can help make the process as easy as possible. We work with attorneys all of the time so we know how we can assist the process.
Please complete the short form to the right and a Probate Real Estate Specialist will contact you ASAP and discuss how our experience can assist you . If you prefer to call, our number is 800-546-2289.
Why Call Midas Realty Group?
Midas Realty Group is a Boutique real estate brokerage providing services throughout Southern California. As a Boutique firm, we offer our clients highly specialized services that address their specific real estate needs. Larger companies focus on market share by shuttling clients in and out of their doors.
We provide a customer service based business model that is focused and specialized toward each client. We put our years of unique experience at work, to ensure our clients achieve their goals. As a result, our clients continue to rely upon us for their future real estate needs, and they feel comfortable referring us to their family and friends.
As a client you benefit from our initial needs analysis and the success plan we create with you. Whether you are an individual purchasing your first home, a family interested in selling a home, or an investor seeking help with liquidation of several assets, you will be fully engaged and aware of our marketing efforts and the work that is being done on your behalf.
Midas Realty Group specializes in several niche areas for our clients, but our success really comes down to marketing and negotiation. We utilize 25+ years of in-house marketing experience to get our clients the exposure they need; and we use our years of negotiation experience for results that make every client feel like a winner.
Contact us with Your Questions
Now that you know a little about us, contact Midas Realty Group today to discuss how we can help YOU achieve your real estate goals. You can complete the information to the right and an experienced probate real estate specialist will contact you to discuss your options, or you may call us now 800-546-2289 to discuss your unique situation.