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It's Still For Sale

5/6/2015

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Did you know that in a probate sale with court confirmation, the house was still for sale even after an offer has been accepted?
I was checking the Multiple Listing Service (MLS) for Pending Probates with Court Confirmation. Only two out of 22 listings stated the confirmation date and the first overbid amount.
The sellers are losing out!
What is this? The property is still for sale until it has been confirmed in court.
Many sellers don't know this, and apparently, many agents don't know it or don't bother to post it.
Why do you think the lawyer has to advertise the sale in local newspapers? To get potential buyers to come to court to bid. Same with the MLS.
The MLS confidential remarks should read: 
Court date 5/6/15 @ 9:30 am @ Berkeley Court , 2120 MLK Jr. Way, Dept. 2. First overbid is $400,000. 10% cashier's check required. For further information contact the listing agent.
Ask your agent to keep marketing the property until the judge approves the sale. You want more for your property, don't you?

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    Ernest is an experienced agent with Better Homes & Gardens in Oakland CA. This is his specialized website for probates.

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