Glendale Probate Real Estate

Glendale is a lively suburb located in the heart of Los Angeles County. The city is surrounded by some of the most popular up-and-coming neighborhoods in LA, including Eagle Rock, Glassell Park, Verdugo Hills, and Atwater Village. Residents enjoy all of the incredible benefits of living in Southern California, while still getting to experience a suburban neighborhood lifestyle. Real estate in the area ranges from single-family homes to multi-million dollar luxury estates, and among these are probate homes.

Probate Homes in Glendale

First off, let’s talk about what a probate home is – it’s the property of someone who has passed away. There are two things that happen when the owner of a home dies

• If there is no will or heir, the home will go to probate court to be sold. In this case, the state is in charge of selling the property. They may try to sell it for the highest price possible, but it will still be well below the market value.
• If there is an heir, the home will be handed down to them. In this case, you may still be able to purchase the property. Sometimes the heir is looking for a quick sale and will put the home on the market for a lower price, since they already own their own home.

The Pros of Purchasing a Probate Home

The California real estate market is a tough market sometimes for buyers, which is why probate homes are a great option. With the cost of maintenance, tax and other costs, the executor may want to sell the home as fast as possible, making it easy to purchase the home at a good price, well-below market value. The prospect of long court proceedings means that investors also avoid purchasing probate homes, which means there is less demand for them, making the properties more affordable.

In a hot market like Glendale, probate homes are a great investment.

You can find probate homes in neighborhoods in Glendale including:

• Oakmont
• Sparr Heights
• El Miradero
• Whiting Woods
• Crescenta Highlands
• Montecito Park
• Verdugo Woodlands
• Rossmoyne
• Greenbriar
• Montrose Verdugo City
• Citrus Grove
• Mariposa
• City Center
• Grandview
• Glenwood
• Pacific Edison
• Vineyard

Glendale Schools

Glendale Schools are top rated and consistently fostering environments for students to thrive and truly exceed their educational abilities. The Glendale Unified School District provides a high quality education that addresses the unique potential of each student in a safe, engaging environment.

The district is comprised of 31 schools that serve more than 26,000 students in transitional kindergarten through 12th grade. In the past two decades, Glendale has become one of the most culturally diverse cities in California. Students in the district come from a wide range of cultural, ethnic and socio-economic backgrounds and speak more than 52 languages.

Schools within the district include:

Elementary Schools

• Balboa
• Cerritos
• Dunsmore
• Edison
• Columbus
• Franklin
• Freemont
• Glenoaks
• Jefferson
• Keppel
• La Crescenta
• Lincoln
• Mann
• Marshall
• Monte Vista
• Mountain Avenue
• Muir
• Valley View
• Verdugo Woodlands
• White
• Verdugo Academy Home Independent Study

Middle Schools

• Roosevelt
• Verdugo Academy Independent Home Study
• Rosemont
• Wilson
• Toll

High Schools

• Clark Magnet
• Crescenta Valley
• Glendale
• Hoover
• Daily Continuation
• Verdugo Academy Independent Home Study

Glendale Real Estate Market

• Median Sales Price: $705,000
• Price Per Sq. Ft.: $485
• Median Rent Per Month: $3,500

Demographics

• 29% single residents
• 32% homeowners
• Median Age: 41
• Median household income: $52,440
• 49% are college educated

How The Sanborn Team Can Help You Purchase a Probate Home

The Sanborn Team is here to help you with every step of the buying and selling process as a true real estate partner. Our team has decades of experience in the Glendale market and we can help you find the home you’ve been searching for in a community we know you will love calling home. We have available probate listings via oursearch tooland would be happy to help you find the perfect one that fits your needs. Additionally,our teamhas both the knowledge and experience with probate properties to ensure the entire process runs as smoothly as possible.

We invite you toreview our tips for buyers and contact us if you would like a referral to a qualified buyer’s agent from our extensive professional network. Contact us with any questions you may have about purchasing a probate home in Glendale.