Probate Real Estate - $500k-$750K
How's the Probate Market in Los Angeles County?
Buying a probate property can be a complicated process. Unless you have knowledge of the probate process and the local real estate market, the entire transaction can end up being quite difficult. For those familiar with the process, there are some advantages to learning a little bit about the local probate market.
In Los Angeles, for example, the real estate market has been doing quite well over all. According the the National Association of Realtors® (NAR), first-time buyer transactions hit 34% of sales in September 2016, which is something that hasn’t happened in over 4 years.
Here are some recent stats to pay attention to:
The median existing home price was $234, 200 in September 2016, which is a rise of 5.6% from 2015. While nationally, the total housing inventory grew 1.5% to 2.04 million for existing homes for sale, this number is still 6.8% lower than a year ago and has continued to decrease year-over-year for 16 consecutive months.
If you’re looking to purchase probate property in Los Angeles, make sure you’re working with a knowledgeable team of agents experienced in probate properties. For us, our commitment to our clients and a high-level of customer service is what sets us apart from our competitors. Our experience in unique transactions such as probate, trust, or conservatorship sales brings an added layer of value to our team dynamics. If you’re ready to find your next property, contact one of our team members here at The Sanborn Team.