Cynthia Cohn & Associates, Inc. Real Estate Brokerage, Pasadena.

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Your Guide to How Probate Sales Work
Probate sales can be a great way to pick up a property for a fantastic price, but they can also be confusing for even the most seasoned real estate veterans. There are many moving parts when it comes to this type of real estate transaction, so today, I wanted to discuss how probate sales work. Of course, working with an expert real estate agent will be your biggest asset if you find yourself falling in love with a home that is being sold through probate. Here is some additional information to consider. What is a Probate Sale: When someone passes away, the executor or administrator may need to sell a piece of real estate to liquidate and distribute the assets of an estate to the survivors. In this instance, a real estate agent who is versed in probate law will help list the property for sale and help to market it. Interested buyers will have to issue a 10% deposit upon making an offer on a probate property, although the final sales price is not agreed upon at this time. It is typical for probate properties to end up at auction on a final court date where the initial potential buyer may bid on the property with other interested parties. Their deposit would be returned should they not win the auction. If you’re still interested in possibly purchasing a probate property, here are some additional things to keep in mind: Hire An Experienced Probate Agent: Not all real estate agents are versed in probate sales, and you will need someone who knows what they’re doing with this kind of transaction since it’s not the same as a typical real estate sale. Working with an agent who knows probate can also help you during the bidding process. Keep In Mind the 10% Deposit: As you’re looking at probate properties, keep in mind that you will need to put down a 10% deposit if you decide to make an offer. This is generally done through a cashier’s check. And be prepared for this money to be held onto for a lengthy period of time, that is until the court date when a winning bid is confirmed. Once you make an offer on the property, the published list price will be changed to reflect your offer, which becomes a waiting game. When Is the Court Date?: The court date is established after the first buyer’s offer is submitted and approved. This can be anywhere between 30 to 45 days later. The property will continue to be marketed during this time, and other offers will be accepted along with the 10% accompanying deposits. In states like California, buyers can raise their bids between offers, so make sure you work with an agent who knows the laws and intricacies. Show Up For the Court Date: Be prepared to show up in person for the established court date along with all of the other potential buyers who submitted offers and had them accepted. This is where
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Reviews

2090 E Dudley Street | The Skoda Family (Seller, December, 2021)
Cynthia Cohn & Associates did a phenomenal job recently in helping to sell my house! Cynthia is a compassionate listener who seeks to understand sellers' home sale expectations and goals -- and has the vision and expertise to offer concierge style pre-listing guidance. She provides strategic, elegant marketing and thoughtful, well organized offer presentations. Cynthia, Stephanie and Victoria exceeded my expectations. They secured 31 offers within less than 10 days on the market!!
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Charitable Giving

Raising Funds For Bike MS
I’ve signed up for Bike MS because my father, Alfred G. Huber, battled MS for 39 years of his life and I want to help contribute to the advancement of hopefully one day, finding a cure for this disease. When my dad was first diagnosed, he was told that he would have only 2 years to live, though he lived for 39 years with Multiple Sclerosis! The disease progressed slowly, but over time he struggled with an additional condition (thought to have been caused by his MS) called Tic douloureux or trigeminal neuralgia. Tic douloureux is a severe, stabbing pain to one side of the face. It stems from one or more branches of the nerve that supplies sensation to the face, the trigeminal nerve. It is considered one of the most painful conditions to affect people. My dad lived with this pain on and off, and sometimes on a daily basis for many weeks at a time, for over half of his life! The pain he endured was excruciating - leaving him unable to eat, talk, or function until the pain subsided. In addition, over the years he also endured several brain surgeries which were deemed unsuccessful. This condition, along with his MS, changed the course and quality of his life and that of our family. My dad was an incredibly warm and outgoing man whom everyone adored. Before MS, he; took an active role in his parenting duties, sang barbershop, swam, was climbing the ranks at the Department of Commerce in DC, was a devoted family man, a romantic husband who adored our mom, loved a good party, enjoyed vacationing in Maine, loved taking my sister Susan and I ice skating and sledding, could fix or build anything needed around the house...I could go on and on. After
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Closed

2090 East Dudley Street, Pasadena

$799,000
2 BEDS / 1 BATHS

Video

Multiple Offers | $211K Over Asking

Closed

1271 Stoner Avenue, 105, Los Angeles

$799,000
2 BEDS / 2 BATHS

Video

Multiple Offers | $51K Over Asking

Closed

111 West Mountain Street, 9, Glendale

$525,000
2 BEDS / 1 BATHS

Video

Multiple Offers | Full Price

In Escrow

2104 Raymond Avenue, 4, Altadena

$555,000
2 BEDS / 2 BATHS

Video

In Escrow

Closed

3880 Hampton Road, Pasadena

$1,649,000
3 BEDS / 3 BATHS

Video

Multiple Offers

Sold

5004 Crown Avenue, La Canada Flintridge

$1,495,000
3 BEDS / 3 BATHS

Video

Multiple Offers | $330K Over Asking

Leased

559 Eldora Road, Pasadena

$4,800
4 BEDS / 3 BATHS

Represented Tenant

Closed

3221 Thurin Avenue, Altadena

$1,100,000
4 BEDS / 2 BATHS

Represented Buyer | $40K Under Asking

Closed

1474 Calle Pajaros, San Dimas

$899,000
3 BEDS / 2 BATHS

Video

Multiple Offers | $81,500 Over Asking

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