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John Gamboa

7 Documents You Need When Selling Your House in Fairfield

Do you need to sell your house in Fairfield? Prepare from the start by organizing all of your documents so that everything goes smoothly from the beginning.

When you sell your house in Fairfield, paperwork is given during legal transactions. Putting your home on the market requires you to have the following 7 documents in hand, which are normally required in the process.

Contract

Make sure both parties sign the contract to ensure its legality and the ability to resolve disputes after closing. The information on this document for your Fairfield house needs to include the closing date, price, and occupancy date. In addition, add any termination conditions and inspection dates. You should be aware that cross-state commercial transactions are governed by a uniform Commercial Code.

Disclose! Disclose! Disclose!

In the disclosure, such defects and malfunctions will be described. If you fail to do so, you may face legal issues and expenses when selling your house in Fairfield.

Title

You must provide a copy of your deed to the buyer as proof of legal ownership. The deed for your house in Fairfield must be transferred after the sale to the name of the new owner.

Occupancy Rider

In cases where timing does not work out, you’ll want to have an occupancy rider in place. This document should specify responsibility for any rent, utilities, or additional costs, as insurance policies rarely cover this period. The post-occupancy agreement is needed if you wish to stay after closing. In contrast, if the buyer needs to be in place prior to the closing of your Fairfield house sale, you will need a pre-occupancy agreement.

Third-Party Financing Clause

Getting a mortgage on your house could be a source of financing for your buyer when you need to sell in Fairfield. If you do so, attach your third-party financing clause or financing addendum. The remainder of the financing may be denied if the buyer submits a traditional mortgage application.

Promise

Obtaining a promissory note from the buyer is a contract that outlines the rights and duties of the parties, which must be signed and dated. This is critical for non-conventional buyers since the seller can act as the financial institution, with the property as the security for the loan. The document should outline the amount of money that will be paid to the holder or payee, the date that it will be paid, or the installments that will be paid.

Settlement Statement

A closing statement or settlement statement must contain very specific details of a transaction as required by HUD Law. The buyer has the right to review this statement at least one day prior to the closing in order that consumers know exactly what they’re being charged in fees at the closing, as well as finance interest during the loan term. By adhering to these laws strictly, you will be able to avoid future legal problems. When the solicitor asks for proof of identity at the closing, be prepared. Before being provided to the buyer, the documents should be carefully examined. When the broker finds errors or information missing in the documents, they should offer their input.

This article about the 7 documents you need for selling your house applies to all cities around Fairfield including, Vacaville, Davis, Dixon, Vallejo, Benicia, Suisun City, Napa, and American Canyon.

Ready to close on the deal? Gather the 6 documents you need when selling your house in Fairfield and give Integrity Home Solutions. a call at 707-733-6693 at any time!

houses like this making it a win-win-win. A win for you because you sell for the most money. A win for us, because it’s a house he gets to buy. And a winner for the new resident.

How? We specialize in buying houses and can buy them in several ways. Cash is usually not one of them because he can’t pay you the highest price for your house. If you are open to other creative way of selling where you get the most CASH out of the sale with little hassle, then you owe it to yourself to contact us using the contact form

John Gamboa

How to Move if Your House Hasn’t Sold Yet in Solano County

So you’ve found your dream home. There’s just one problem: You haven’t been able to sell your house yet. So what do you do? In this article, we hope to help you figure out how to move if your house hasn’t sold yet in Solano County.

Moving can be tough when you are trying to buy and sell a home all at once. The FHA, Fanny Mae, and Freddie Mac all have rules about getting a second mortgage while you still own your home. If you want to secure an additional mortgage, you will have to clear a few hurdles.

How to Move if Your House Hasn’t Sold Yet in Solano County

First off, to qualify for a second mortgage through the FHA, you must meet certain qualifications.

You need to have a good reason for needing to move right away, and not after your current house has sold. For example, moving because your family needs a larger space, you are separating from your spouse, or for work purposes.

Also, you cannot owe more than 75% of the value of the first home. There are additional restrictions as well, do your homework before assuming you will qualify for an additional loan through the FHA.

Asking family can be another route, so long as you put everything in writing.

Agree to pay them back in full upon the sale of your first house. Whenever you borrow money from family, you want clear terms to be set and adhered to.

If you think a family relationship could be damaged because of money, you might want to look for a different way to secure the financing you need.

A bridge loan or as it’s sometimes called, a “wrap” loan can help “bridge the gap while you attempt to cover two house payments.

These types of loans will take both mortgage payments, and combine them into one interest-only payment. These are typically short-term loans, lasting 6 months to one year.

Lenders have different requirements, but you must typically have great credit and be financing less than 80% of the value of both houses.

While it may not be your first choice, you can talk to your boss or plan administrator about borrowing from your 401k. 

Make sure you understand how the tax penalties will work, and pay yourself back after the sale of the original home. This may not be an option for everyone, but definitely, something to look into.

Try to offer the seller of the second home, the option to rent it back from you for a few months. 

Depending on their situation, they might love the idea of being able to stay in their home while they shop for a new one. If you are attempting to carry two mortgages, this is a great way to alleviate the cost.

Add in a contingency in your offer allowing you to close on the new home, only after your home has sold.

If your home is new to the market and priced well, it should sell right away. Present this to the owners of the second home, along with your offer. Ensure them that the closing won’t be delayed and that you agree to close in a certain amount of time

Whether you are looking to buy or sell, we can help you with all of your Real Estate needs! Give John Gamboa’s team a call today! (707) 733-6693

John Gamboa

Selling a House ‘As Is’ in Vacaville

Looking to sell a house “as is” in Vacaville? Whether you’ve got a fixer-upper or recently inherited a relative’s home, sometimes the goal is to skip repairs, get a fair offer, and move on.

“Fear of the unknown is the main reason clients want to sell their property ‘as is,’” says top-performing real estate expert John Gamboa of Fairfield, California.

No matter their property’s condition, “if sellers open themselves up to giving credits or making changes to the home,” he says, “they don’t know where it might lead.”

However, selling a house “as is” usually means accepting a lower offer and it doesn’t always prevent buyers from trying to negotiate savings. Let’s take a closer look at how to sell a house “as is” in Vacaville, your options for getting an offer, and what to expect from the process.

What is ‘as is’ condition in real estate?

“As is” is a type of home sale where it’s understood that no improvements will be made to the property. When selling a house, “as is,” the seller is choosing not to entertain requests from buyers to complete repairs or provide a credit for fixes.

An as-is sale may also indicate that the functionality and longevity of certain components of the home, such as a stove on its last legs or an older roof, is not guaranteed.

When selling a house “as is,” the general condition of the property should already be accounted for in the purchase price of the home to the best of the seller’s knowledge.

“Every single home in the state of Vacaville is sold “as is,’” John Gamboa says. In fact, the as-is clause is written into the boilerplate, the residential purchase agreement that all Realtors® use. ”While buyers have a right to ask for repairs or concessions,” he explains, “the seller doesn’t even have to respond.”

Which types of homes are sold ‘as is’?

Homes sold “as is” often need some work or may be cosmetically outdated. It’s not a label you’re likely to put on a listing in pristine, move-in-ready condition.

“As is” sales often attract investors searching for their next flip or buyers seeking a bargain, perhaps on a home in a great location with lots of potential.

Gamboa reports Vacaville homes selling in distressed, as-is condition have been typically loved and well-worn by one family for many decades. These homes are usually built in the 1970s or later and owned by older baby boomers.

“They’ve not necessarily grown out of the home,” says Gamboa, who has 16 years of experience in the market, “but, they don’t have the resources to keep up with it.” The result is years of deferred maintenance.

What problems do you have to disclose in Vacaville?

Selling a house “as is” in Vacaville doesn’t mean sweeping known problems about the house under the rug.

A good time to fill out the California Association of Realtors Real Estate Transfer Disclosure Statement is prior to listing your home or requesting an offer so that you know it’s taken care of.

According to the document, the disclosure of the condition of the property is “in compliance with Section 1102 of the civil code.” The seller also certifies by the close of escrow the property will be in compliance with the State Fire Marshal’s standards for operable smoke detectors and the Health & Safety Codes requiring water heaters to be strapped in place.

The form will walk you through documenting what you know about the features of the home from the TV antenna to the number of remote controls for the garage door and the quick-release mechanisms on bedroom windows.

You’ll also be prompted to fill out information about malfunctioning electrical systems, plumbing systems, or other structural components. The form specifically asks the seller to disclose the presence of the following:

  • Hazardous materials such as asbestos
  • Features shared with neighbors such as common driveways
  • Encroachments/easements
  • Rooms or construction completed without a permit or non-compliant with building codes
  • Flooding or drainage problems
  • Compacted or other fill
  • Settling issues such as slippage or sliding
  • Damage from fire, floods, earthquake or landslide
  • Zoning violations or nonconforming uses
  • Neighborhood noise problems
  • Deed restrictions
  • Homeowner’s association authority over the property
  • Any lawsuits by or against the seller that may affect the property

Vacaville sellers must also complete an additional disclosure form, the Natural Hazard Disclosure Report/Statement which shows whether the home is in zones predisposed to earthquakes, flooding, fire, or wildland risks.

California’s disclosure rules are complex. So, the California Association of Realtors created a comprehensive sales disclosure chart. No matter what method you choose to sell your home, it’s required to make these disclosures to the best of your ability.

John Gamboa says all sellers must complete the Natural Hazards Disclosure and Transfer Disclosure Statement.

However, California does allow some exceptions from additional buyer requests for disclosure about certain items. Sellers are exempt from responding to some disclosures if they haven’t lived in the home and/or if they are “transfers by a fiduciary in the administration of a decedent’s estate, a guardianship, conservatorship, or trust except where the trustee is a former owner of the property.”

Review your options to sell ‘as is’ in Vacaville

The main options to sell a house ‘as is’ include:

List ‘as is’ with the help of a real estate agent

A great real estate agent will provide assistance throughout the process of listing and selling a home “as is.” An agent gives simple presentation tips to improve marketing, helps to set an appropriate price that reflects the home’s condition, and works to find a buyer willing and eager to buy your home in its current state.

Because he has extensive experience dealing with non-traditional properties, Gamboa works with the owners to maximize the home’s assets — and potential profit — with minimum effort and investment.

“We’re not showing it as a distressed home,” Gamboa says. “We’re marketing a previously loved property that needs a little bit more TLC from the next homeowner.”

After the home is decluttered and emptied, Gamboa usually provides a punch list of suggested small improvements that make the home appear less dated or worn.

For example, he commonly brightens the interior by taking down dramatic, big 1970s-1980s-era valances and window coverings. If the structure seems sound, a coat of paint and new carpet can freshen up dull walls, ceilings, and floors.

Not only do those relatively inexpensive updates attract buyers, but they also improve the property’s chances of being eligible for financing.

Sell directly to a cash buyer

Someone needing to sell their home “as is” can also work directly with a property investor or house buying company rather than list, where it may be difficult to get an offer from a limited buyer pool.

We Buy Houses operations buy “as is” at a discounted rate and generally seek out homes in need of significant repairs. These companies can help sellers cash out quickly and many will cover a seller’s closing costs.

The level of integrity and customer service you experience can vary, even within an established house-buying company that strives to maintain consistent business standards. This is because many We Buy Houses companies are franchises and often use independent investors or local wholesaling outfits. Your experience greatly depends on the character of the person or group making the offer.

If you are considering a cash offer, vet the company thoroughly. Check reviews, read testimonials, and research its presence and performance in the market. And, of course, read the buying agreement carefully before signing.

Many property sellers in Vacaville have been faced with deciding whether or not they will fix up a property before attempting to sell it. The answer to this question will be different for each seller and depend upon a variety of factors.

What Is An As-Is Home Sale

An as-is home sale refers to the physical aspects of a home in most cases. However, there are rare instances when the as-is portion of a property sale agreement will refer to the deed or title of the home being sold. When you sell a home ‘as-is,’ you are declaring there will be no negotiations pertaining to repairs or updates to the property by the owner. It is important to understand that selling a home as-is does not mean there is no responsibility on the part of the seller to disclose facts concerning the home that affect the value and ability of a potential buyer to live in the house.

Examples of facts about a home that must be disclosed are problems with the foundation, issues with the structure of the home, major plumbing problems, the presence of mold, and other environmental threats present in or around the home.

Selling a home as-is in Vacaville provides tangible benefits for both the seller and buyer of a property. It is the best alternative for both parties in many situations if you need to sell your house quickly.

Do Homebuyers Want Fixer-Uppers

There are buyers in the market who feel there are deals to be found when buying homes in need of work. These homebuyers are looking to perform light cosmetic work on the home they purchase. They are not looking to perform major repairs on a home in most cases. There are companies that specialize in purchasing homes with major issues but this does not usually fit the profile of individual buyers.

Should The Owner Make Repairs To The Property

There are times when fixing a home before putting it up for sale will be the most profitable alternative. However, this option will sometimes require a great investment in time and money. You may also need a bit of experience to pull off this option so make sure you are able to meet the challenges before choosing to do so.

You may be able to check out the homes listed for sale in your area to give you a hint of what would need to be done to your home to receive the full retail value of the house. Look at the condition of the homes on the market and determine how long the owner has waited for a buyer. Also, compute the time and cost necessary to improve your home to the point it is comparable to competing homes in the market.

How To Sell A House As Is

While it is not a complicated process to sell a home as-is in Vacaville, it can be a little tricky to determine if it is worth it to repair a home before selling. If you are selling a home that has an outdated kitchen or bathroom and only needs work in this single area, it can be worth the time and effort to update the space yourself. However, a home that needs upgrades across the board may present too large of an undertaking for many homeowners.

Steps To Receive Best Possible Offers For Homes Sold As-Is

There are a number of tips at the disposal of the seller of a home to determine the price they should command when selling a home in as-is condition.

Determine The After Repair Value Of The Home

The first step in the process of valuing your as-is property is to get an idea of what the home will be worth if you took the time to perform the needed repairs. You can use a website online that values properties to find this number quickly.

Estimate What Updates And Repairs Will Cost

Do not be intimidated regarding the process of estimating repairs. The number you come up with does not need to be exact. There are also guides both online and off that will help you estimate the cost of individual repairs.

Determine A Fair Price For The Home In As-Is Condition

This is perhaps the most difficult part of the process. It can be inexact science to estimate the discount a buyer should expect for repairing a home themselves. If light repairs or updates are needed, you can list the home for sale online. If major repairs need to be done to the home, time and money may be saved by contacting a cash home buyer in Vacaville.

A point to remember is that a realtor will also turn to a cash home buyer if they are selling a home that needs extensive repairs. You can save the six percent commission that would be owed to the realtor by going straight to the cash home buyer yourself.

Determine If The Cost To Make Repairs Is Worth It

Now it is time to determine if the hassle it would be to repair or update the home yourself is worth it. You should remember to add costs like escrow fees, buyer concessions, inspections and appraisal costs, and any other expenses relating to the sale of the home.

In most areas, these added fees will account for about 8 to 12 percent of the home’s final sales price.

If you decide to provide repairs yourself, make sure the following issues are properly addressed:

  • Fix any holes in the walls or ceilings.
  • Make sure HVAC system and appliances are in working condition.
  • Replace worn or damaged carpets.
  • Fix leaking faucets.
  • Fix damaged windows.
  • Paint walls and doors where needed.
  • Make roof repairs.
  • Replace outdated ceiling fans and light fixtures.

Final Thoughts

It is not always simple to determine if an as-is property sale is in your best interest. However, if you take a moment to consider all pertinent issues to sell my house as is, you will come up with the best decision to fit your particular situation.

John Gamboa

6 Reasons To Avoid The MLS When Selling Your Vallejo House

If you own real estate, you have probably heard of the MLS. It is a members-only website that is joined by real estate agents in the area. They have a local level, a state level, and a national level. Joining this association designates the agent as a Realtor. They must pay to access this service.

Picking the Wrong Agent

Reason #6 to avoid the MLS when selling your Vallejo house is picking the wrong agent. There are so many agents to choose from, how are you supposed to know who to choose? Do you pick the person with the most ads? Or do you go with the guy your friend recommended, he just sold a house last week? 

Time On the Market

Reason #5 to avoid the MLS when selling your Vallejo house is the time on the market. The MLS, or multiple listing service, keeps track of how many days it’s been since you first listed it on the market. If your house ends up being on the market for more than 60 days, this is not a good sign to buyers. It may indicate that your house is not as desirable as other properties, or that there might be something wrong with it. There may not be anything wrong with your property, but this might stick in the back of the mind of potential buyers. Maybe you haven’t had a full price offer and are holding out. Whatever the reason, the time on market counter may work against you.

Highly Qualified Buyers

Reason #4 to avoid the MLS when selling your Vallejo house is highly qualified buyers. Sure, the MLS may bring you buyers, but a large portion of them will have to depend on financing from a bank, and some of them may not have even been pre-qualified yet. Your house for sale can be considered a pocket listing that will reach the desks of many highly qualified buyers, most of whom can purchase 100% in cash.

Commission Fees

Reason #3 to avoid the MLS when selling your Vallejo house is commission fees. When you list your house on the market, there are commission fees that are expected from the selling agent and the buying agent. This is usually 3% of the final sale price, which can add up to a large amount of money! If you are using an agent without using the MLS, you might be able to set a flat fee for less than traditional commission fees.

Invasion of Privacy

Reason #2 to avoid the MLS when selling your Vallejo house is an invasion of privacy. If your house is listed on the MLS, you will be expected to make your house available for showings. This means living in a constant state of clean and organized 24/7 until you move out. You may also be asked to leave your home on extremely short notice for a showing if possible, sometimes immediately, although you usually can schedule showings for 24 hours in advance. Some sellers find it’s easier if they move out of the home when they put their house on the market because of the hassle of showings, but would you want to be responsible for 2 house payments before you can guarantee the sale of your house?

Signs In The Yard

Reason #1 to avoid the MLS when selling your Vallejo house is a sign in your yard. The yard sign is a standard part of a real estate agent advertising your house, but this also may mean that you may have people knocking on your door unexpectedly because they saw the sign in your yard. This is a huge inconvenience, especially because people may have stopped without an agent present, and who knows if they are qualified buyers? 

Call John and Trish Gamboa at Integrity Home Solutions at 707-733-6693 or send them a message to discuss these and other reasons to avoid the MLS when selling your Vallejo house!

John Gamboa

How To Sell A Probate Property in Vacaville

Wondering “Can a house be sold while in probate?”… the answer is yes. We buy houses for cash including probate properties. Request a free CASH offer by filling out the form below!

Selling a House in Probate Vacaville

Selling a Vacaville house undergoing the probate process is by no means easy. There are so many legal processes that the property should go through before it can be listed as a probate sale. Even after the property is sold to the highest bidder, there is still paperwork to accomplish.

Selling a probate property is done through four steps: appointing an executor or administrator, having the property appraised, petitioning the court to begin the sale and listing the property, and asking the court for sale approval. The probate sale is long and arduous. It doesn’t also guarantee that the family members would receive a hefty amount, especially if the deceased owner has a lot of debts.

Whether you are an executor who needs guidance on the probate process or simply a relative who would benefit from the sale, you’ll find this guide useful.

Here, we have detailed everything you need to know about selling a probate property— from the core steps to help you get started to handling property repairs and probate sale approval. Note that probate differs state to state, so we recommend seeking professional guidance if you need specific information in your state.

What is a Probate Property?

selling a house in probate California

Probate property is an asset left by someone who died that has to go through the probate process. This Vacaville property is either distributed through a will or without a will (in case someone died intestate).

While the term “probate property” often means a probate house, it is essential to understand that it can also mean other assets such as cars, stocks, jewelry, etc.

For the purpose of this article, however, we will be focusing on selling probate houses.

Can a House Be Sold While in Probate?

Yes. A house can be sold while in the probate process. Probate houses are sold the same way as traditional houses— typically through a real estate agent with the same marketing strategies or a cash buyer if you’re looking for a faster, hassle-free probate sale.

However, selling a probate property is a complicated process. The money from the sales of assets may not be distributed exactly as the family would expect, especially if the deceased owner owes debts to a lot of creditors.

The probate expenses, estate debts, and insurance fees would also be deducted from the sales of the Vacaville property before the heirs can divide the money for themselves.

How Does a Probate Sale Work?

probate sale California

As established earlier, a probate sale is somewhat similar to selling traditional property but with more complexities. Often, a probate sale is pushed back a couple of times because the court is involved in approving the probate sale. Therefore, it could extend from months to years.

Nevertheless, if you are ready to embark on this journey of selling a Vacaville house in probate, here are some of the basics to know…

Before the sales begin, the court determines if the probate is formal or informal. These two types of processes indicate whether the court would be involved in every step of the sale or not.

Formal Probate Sale

The formal probate process is lengthy and complicated because of court involvement. The probate court should approve every transaction related to the house and the executor needs an attorney for guidance.

Here are 4 steps to help you get started:

1. Appointment of Executor

A vital part of selling a probate house is appointing an executor or a personal representative. If the deceased individual indicated an executor on his will, the court would honor this.

Meanwhile, if an executor is not appointed, the court will assign someone as an administrator to process the documents. This person is preferably the next of kin.

The task of an executor is difficult. To illustrate, the executor would oversee the appraisal, marketing, sales of the house, paying probate fees, dividing proceeds, etc.

2. Real Estate Appraisal

Once appointed, the executor would have to get the house appraised so it can be listed for sale.

The appraiser must really be a professional because the process is stringent. This is to be expected since the appraisal would serve as the basis of the property’s asking price.

Moreover, most probate courts require the property to be sold for at least 90% of its appraised value.

3. Petition to Begin the Sale and Listing

When the home’s appraisal is ready, the executor or personal representative should go to the probate court and file an intention to sell the house and other assets.

The intention filed should include the home’s appraisal and the method chosen to sell the property, for instance, auction or market sale, through the help of agents.

Once the petition is approved, the executor can start listing the house for sale. The property can be sold through distressed property buyers, for sale by the owner or independently, or by a realtor who is an expert in probate sales.

When a buyer takes interest, they should be informed by the executor that the sale will only be completed after the court’s confirmation.

A hearing would take place before the approval of the sale. But before the schedule of the hearing, the probate house can still be advertised, mentioning the buyer’s offer. This would allow more potential buyers to bid during the court hearing.

4. Court Hearing and Approval of Sale

selling a probate property California

During the court hearing, when some more potential buyers show up to bid, the probate court will take charge. They will facilitate the bidding and overbidding.

Since the court will handle this part of the sale, expect that there will be strict rules.

After a buyer/bidder has won the bidding, the executor can petition the court to authorize the sale of the property.

The beneficiaries or heirs of the sale should also be notified regarding the sale and they should give their consent. If any of the heirs object, the sale may not push through.

Once all the documents have been prepared, the court will review them and release an order to approve the sale.

Informal Probate Process

The informal probate sale process is less stringent than the formal probate sale because there is limited court involvement. This is possible if the house in question is under the joint tenancy and there are rights to survivorship.

1. Appointment of Executor

Similar to the formal probate sale process, an executor or personal representative would be appointed to take charge of the transactions. If the executor is not indicated, the court will appoint an administrator. The executor would no longer need the help of an attorney in most cases.

2. Filing of Probate Forms

The executor should complete and file all the necessary probate forms with the probate court. These forms are often different from the ones filed during formal probate sales.

3. Issuance of Letters of Testamentary

Right after the primary forms are filed, the court would release Letters of Testamentary. These are documents that give the executor the right to manage the assets of the deceased, including the house.

The executor would still need to fill out a lot of forms and file them with the probate court after these documents are released.

4. Listing the House for Sale

When the court already permits the sale of the house, the executor can now list it or sell it however he wants as long as it is legal. The executor can seek the help of agents or find a company that buys probate houses.

There would be no bidding involved because the court would no longer interfere with the transaction. However, the beneficiaries or the parties involved should all agree before the sale can proceed.

3 Ways to Sell a Probate Property in Vacaville

sell probate property California

If the California court approves the petition to sell the probate house, the executor must start marketing it. Here are several ways to sell a house going through probate faster:

Probate Real Estate Agents

Working with realtors specializing in probate properties can speed up the process.

They already know what strategies to use to sell a house under probate and how to price the property right. They also know who to market the property to, so you’ll get a competitive offer.

Real Estate Investor

Real estate investors buy and renovate properties so they can convert them into rentals or fix them up to sell on the market. Investors may secure a bank loan or mortgage for a probate property if they’re really interested in it. They may also pay in cash if they have enough funds.

Cash Home Buyer

A cash home buyer is pretty similar to a real estate investor. However, they’re ideal because they can offer cash for the probate property right away.

They don’t take loans or mortgages to pay for the property. They don’t require any repairs. Also, a trusted cash buyer will not withdraw from the sale once they have agreed with the executor, so you get your money with no uncertainties.

How Long Does a Probate Sale Take?

According to California Courts, probate sales last 9 months to 1 ½ years due to a lot of factors. For one, asking for a schedule in a probate court is difficult. There’s also the delayed release of the grant to probate, which can further push back the transaction.

Another aspect to look into is the marketing part of the probate sale. If the executor lists the house for sale, it doesn’t mean that a buyer will take interest right away unless an expert realtor is hired or the property is sold to an investor.

Typically, it could take months or even years before a buyer comes forward, depending on the state of the property, the asking price, and the real estate market in the Vacaville area.

That said, it is best to expect that the probate sale will take longer than traditional house sales. However, a reputable cash buyer is a great way to speed up a probate sale.

What if the Probate Property Needs Repairs?

can a house be sold while in probate California

A probate property typically needs some repairs before it can be marketed by the executor or real estate agent. The expenses should be shouldered by the executor and the relatives so the house can be marketed at a competitive price.

In cases where the relatives do not agree to pay for the repairs or cannot afford them, the executor could find a company that buys houses for cash instead of a real estate agent because cash-buying companies do not require repairs or cleaning before the probate sale.

You could also list the house as a Vacaville distressed property. However, you can save on the real estate agent fee by seeking out cash buyers directly.

Final Thoughts: Selling a Probate Property in Vacaville

We hope that through reading this guide, questions like “Can a house be sold while in probate?” or “Do the beneficiaries get all the proceeds of the sale?” were answered.

Generally, in selling a California house or any property going through probate, you should prepare both emotionally and financially. It would test your patience since the process is arduous and will also challenge your financial capabilities due to expensive probate fees.

It’s best to seek the help of an attorney if you really need legal advice on the nuances of probate law. Moreover, some specialized agents can help you get started in selling a probate house.

If you decide to go the cash home buyer route, contact John Gamboa and his team at Integrity Home Solutions. We’ll give you a competitive cash offer and cover the closing costs for your probate house! Call us at (707) 733-6693 if you want to sell simply.

John Gamboa

Exploring All of Your Options When Selling Your House in Vacaville

Many people feel selling their home is one of the most stressful experiences they’ve had. If you’re experiencing financial or other distress and need to sell quickly, further strain is added to the situation. One way to make the experience less stressful is to understand the various options you have when selling your house. We’ll help you by exploring your options when selling your house in Vacaville.

Exploring All of Your Options When Selling Your House in Vacaville

Real Estate Agent

Let’s explore selling your house in Vacaville in the traditional manner, which is listing the property with a real estate agent. Agents are paid a commission based on a percentage of the sale price of your home. The current market condition will be a major factor in determining the asking price.

You may need to invest in updates, repairs and decluttering in preparation for showings while playing a waiting game until an interested buyer comes along with an offer. These buyers often require inspections of the house and may also demand that additional repairs are done before closing. Sadly, you could end up with a buyer that doesn’t qualify for a mortgage, after taking all of the steps to meet the qualifications from banks and waiting for the mortgage underwriting process and property inspection.

Cash Offers

Professional buyers usually offer cash, which means you can expect a quick closing on your house. They are experienced investors who buy your property as-is, which will save you the time and money of doing repairs. This also alleviates you of the legal responsibilities associated with disclosure.

Professional buyers are taking higher risks, offer faster cash sales, and usually pay the closing costs. For these reasons, their offers are usually lower than properties sold as FSBO or listed on the MLS. Unfortunately, there are less than honest buyers who may try to take advantage of the time or financial constraints you reveal to them, so research carefully just who you’re working with. At Integrity Home Solutions, John Gamboa and his wife Trish are dedicated to making offers to homeowners that are fair and well thought out.

For Sale By Owner

Selling a  house in Vacaville on your own may sound intriguing since you’ll be controlling everything. Real estate agents charge commissions for their services, which cuts into your profits. Should you be experienced regarding legal issues where real estate advertisements and transactions are involved, you can save a great deal of money on the deal. However, it can be extremely costly and legally devastating to make an error in either advertising or how you handle all of the aspects of your sale with the buyer.

Short Sale

Depending on the circumstances you find yourself in, you may be able to negotiate a short sale with your lender. You will want to note that this is a very slow-moving process which means that the lender has agreed to allow a sale for less than the remaining debt on the loan.

We’re happy to further explore all of the options for getting started now on selling your house in Vacaville. Just call John Gamboa and his team at Integrity Home Solutions today at 707-733-6693 or send us a message to learn more!