All Forum Posts by: Alex Ko

Hello everyone,

I am looking at putting in an offer today on a probate property in California. It's a fixer in a turning neighborhood which I like. Has anyone bought a probate in California before that can shed some light on what I should expect and what to look out for. Seems like my agent doesnt know too much about this process or doesnt want to take it on as in submitting an offer.

I spoke with the listing agent and found out a few things.

Grandchildren live in the house now and are very cooperative on moving they want to get rid of it and move on.

Probate can take anywhere from 45 to 60 days to close but I can do a conventional loan on it which is promising.

Place is a fixer but has a lot of upside potential compared to comps.

Listing agent told me they can upbid in court but it rarely happens.

Agent does not have any offers yet. But, will submit to seller asap as soon as she gets one.

I still get all the same contingencies I would get for a regular SFH purchase. But, it just might take longer than expected since it has to be court confirmed.

Is there anything I should know any help is appreciated.