real estate practice tips

As-Is Sales Subject To The Probate Code

As-Is Sales Subject To The Probate Code

As-is subject to the probate code is what many buyers agents forget when they write offers. We always put this into the agent confidential remarks on MLS. A seller is under no obligation to repair anything on the California residential purchase agreement. Probate sales double-down, if you will, on the as-is.

Getting into contract on a probate sale and then attempting renegotiating the price later is not a smart idea. Probates generally are working with little to no extra cash and every penny is most often required by the administrator of the estate.

If you are trying to purchase a probate listing, always make your highest and best offer and stick to it. Your inspections are to satisfy you as to what you are buying. As-is subject to the probate code is always an important consideration when writing an offer.

If you are interested in purchasing a probate listing, please contact Weintraub & Wallace with RE/MAX Gold. We are listing specialists and our exclusive buyer’s agents can help you with your home purchase. Contact us at 916-233-6759.

–JaCi Wallace

JaCi Wallace
Weintraub & Wallace

Should Agents Send Listings to Other MLS Agents?

agents send listings

Most Sacramento agents do not appreciate it when agents send listings.

Maybe some agents are living under a rock and do not have access to MLS? I don’t understand why some agents continually bombard me by sending spammy email flyers. Half the time there is no unsubscribe option. Isn’t that breaking some law? They think nothing of sending a listing to other agents.

Consumers, end users, need to see your flyers, not other agents.

Even if some agents are sleeping in their cars, they can still park in front of Starbucks to get free Wi-Fi. They can go to MLS. See, the thing is if I’m looking for a home like the one you have listed, Mr. Spammy Email Agent, I will find it by myself. I don’t need the email in my inbox. If I am not looking for a home like the one you have listed, I don’t need to know about it. If I don’t work in that area, I don’t care about it.

If you were to ask me about the homes in Land Park or East Sacramento and what’s on the market right now, I could tell you in a heartbeat. Because I study the market of homes in Land Park. Even if I’m not working with a particular type of buyer at the moment, I still list a lot of homes in Land Park and need to stay on top of the market. Besides, it’s where I live. Not surprisingly, I routinely receive phone calls from sellers who are represented by other agents or about to list with another agent who want to confirm with me that they are pricing their home correctly. Which means I probably know about new listings before they even come on the market.

So, please don’t spam me with your email flyers. I know the marketing company that sold you the program promised you that other agents are eager to receive your junk mail, but that’s just plain silly. Wise up. Think twice before you send your listing to other agents. Otherwise, an agent might spot your name and associate that name with a word: annoyance.

While Elizabeth is in Cuba, we revisit former blogs published elsewhere.

 

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