Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 8 years ago,
Purchase Agreement Before Probate Is Completed California
If a person passed away, from what I've heard in the state of California, it looks like the family has to wait a mini of 40 days before they can proceed with the estate hearing.
If I knew that the person who passed away (Person A) has left the will of the property to one of the family member (Person B).
My question are:
1) Can I enter into a purchase agreement with Person B prior to the estate hearing with the contingency that Person B inheriting the property?
2) How long can you extend the purchase agreement? I typically see 30 - 45 day but have heard of 90 days before.