Have you inherited a house from a family member? Are you responsible for settling the estate of a loved one so assets can be distributed to the heirs?

Losing a loved one is never easy and can be very stressful on the entire family. Aside from the emotional grief that must be endured there is the task of settling the affairs that were left behind. For most people one of the biggest gifts they leave for their family is the house they have lived in for years. Typically, one person, the Executor or Personal Representative, is selected to be in charge of handling the legal matters and ensuring the wishes of the deceased are carried out. While it sounds ideal to keep an inherited house in the family, that often is not the best option and sometimes is impossible depending on the desire of the heirs.

Proud Start Real Estate Solutions is here to help reduce the stress from settling an estate by allowing you to cross off one of the biggest items on your “to do” list, selling the house. We work with people just like you throughout the Bay Area who have inherited a house and will structure a plan that is fair and easy.

When selling a house through probate there is a key distinction to take note of, do you as the Personal Representative have full or limited authority. Full authority allows you two sell the real estate in the estate without court approval, this makes the process quicker and easier. If you have been granted limited authority you will need to set a court date to have the probate judge approve the sale. This will cause the transaction to take longer and often times discourages buyers since they do not want to tie the deposit up for that long given that the sale might not be approved or someone might come in and outbid them at the hearing.

There are several challenges to navigate and it’s helpful to have an experienced team on your side. Give us a call to see how can help you sell your inherited Bay Area house fast.

Want to sell your house in San Leandro? Give us a call, we are your Bay Area Home Buyer!

We have experience working with all sorts of situations, we will work with you to get your house sold allowing you to move on. There are many great benefits to working with us, here are a few of them:

Fast Sale: We understand that time is of the essence and can buy your San Leandro house in a matter of days. You can literally trade in your house for a pile of cash in less than a week! Selling your house through a real estate agent will likely take months, time that you may not have.

Time After Close to Move: If you need some time after we purchase your house to move, no problem. We will give you the time needed to transition to your new place. No need to go through the hassle of living in a hotel or imposing on your relatives.

No Repairs Needed: We will buy your San Leandro house as is, no repairs needed. The last thing you want to do when selling a house is pour money into it. Often times when selling through an agent you will need to do some work on the house in order to get it to a point where the buyer can get a mortgage. All you have to do with us is move and decide how to spend your money.

Experienced Buyer: We are an experienced Homebuyer that has purchased and sold many houses. We are accredited by the Better Business Bureau and operate in a professional manner. The last thing you want is to deal with some newbie that attended a weekend course and has no idea how to actually buy your San Leandro house.

Regardless of your situation you owe it to yourself to give us a call to see if we can be of assistance. We have several non-traditional methods and can get you to your goal even when others have failed. Here are some of the uncommon circumstances we have seen:

Clouded Title: Seller could not sell his house because of fraudulent activity on the title. We provided the financial backing needed to clear the title in court then purchased the house.

Nuisance House: House was vacant and became overrun by squatters who used the property for a wide range of illegal activities, creating an unsafe environment in the neighborhood. We bought the house, paid off all the code violations and remodeled it. Now it is a home for a safe, happy family.

Need Help Moving: We worked with a seller that did not like Real Estate Agents and also needed help moving over 25 years of personal items out of the house. We cut out the agents and assisted her with her move.

There are countless reasons why you need to sell your San Leandro house, give us a call to see what we can do before giving up or deciding to sell with an agent. Even if you think it’s hopeless it’s worth a quick phone call to get our input.

Proud Start, LLC is your trusted Bay Area Homebuyer!

What Are Your Options When You Inherit A Bay Area House With A Mortgage

Losing a loved one is never easy, it is one of the most emotionally draining experiences we can go through. While grieving, the last thing we want to deal with is the probate process, but it is an essential part of society and best addressed in a timely fashion. Delaying taking action to handle your loved one’s estate can cause confusion with creditors and late fees. One of the most significant assets on most people’s estate is their house. If the house is paid off then it’s fairly simple, you can keep it or you can sell it and collect the proceeds. When it gets a little trickier is when the house has a mortgage.

What to do if you inherit a house with a mortgage in the Bay Area?

First thing, is there a co-signer or someone else on the mortgage, if so this person will be responsible for maintaining the loan by making the payments. If there is no one else on the mortgage then you will need to contact the lender and let them know about the passing and that you have inherited the property. They will have you submit a copy of the death certificate among other paperwork. Once this has happened they will share with you the details of the loan, what the balance is, how much payments are, etc.

In most cases as family member or spouse that inherited the property, the mortgage company will allow you to take over the loan under the same terms. If this is the case you can keep the house by simply making the payments. If you decide to sell your inherited Bay Area house you can do so and now you know how much is owned on the mortgage.

Can I assume a mortgage if I’m not related to the deceased?

The Garn-St Germain Depository Institutions Act of 1982 allows relatives and spouses to assume mortgages when they inherit Bay Area property with a mortgage. Non-relatives cannot simply assume the mortgage despite having inherited the house. If you are unable to take over the current mortgage, you can obtain new financing to payoff the current loan or you can simply sell your inherited house.

Navigating the process of taking over a house with a mortgage while dealing with the stress and heartache that comes with losing a loved one can be overwhelming. Proud Start Real Estate Solutions is her to assist. We are your Bay Area House Buyer and have plenty of experience with inherited properties. Give us a call to find out what options you have.

Thinking about selling your Bay Area House? You can save thousands in commissions by doing it For Sale By Owner (FSBO).

Standard Real Estate Agent commission in today’s market is 5-6% of the sales prices, which is paid out of the Seller’s proceeds. Here in the Bay Area that’s tens of thousands of dollars you are paying to sell your house with an Agent, is it worth it? Agents perform several functions during the sales process, and a good agent can definitely be worth a hefty commission. One of their primary responsibilities is to market your house, drum up interest to generate lots of strong offers. In a seller’s market, like we have now, there isn’t a lot of advertising needed to generate interest. Demand outweighs supply, once a property is listed on the MLS potential buyers will come knocking. Given the lack of marketing needed, do you really think an agent deserves the full commission?

One of the other main functions of a Real Estate Agent is to make sure all the proper paperwork is completed, forms that protect both you and the buyer. Selling a house without having all of the proper paperwork done can put you at risk if something goes wrong and the buyer is unhappy. I would not suggest that a novice property seller sell their house to a novice buyer without someone in the middle to facilitate.

So how do you save on the commission but still make sure the sales transaction is being handled appropriately? Sell to an experienced Bay Area Home Buyer. You don’t get hit with the extra cost but get all the benefit of working with someone that knows how to get it done. Proud Start Real Estate Solutions is a professional Home Buyer throughout the Bay Area.

Some of the other great benefits to working with us include:

• We buy in ‘as is’ condition, you do not have to worry about any repairs
• We can close fast, have your money in a week
• You can leave unwanted items behind and we will dispose
• We will purchase with unruly tenants

Bottom-line, if you are thinking of selling your house, don’t pay huge agent commissions before talking with us to see what we can do for you.

Want to move but need the money from your current house for a down payment on a new house and aren’t sure how to proceed?

We will buy your old Bay Area house then allow you to continue living in it while helping you find the perfect home to move to. By already having your old house sold and the money in the bank the offers you submit for your new house will be much stronger since they aren’t contingent (relying) on another transaction. We are in a strong sellers market, anything you can do to improve your offer will help get you in that new home faster. By allowing you to continue living in the house until you are ready to move into your new home makes the transition so much easier, this way you only have to move once and can avoid staying with family or renting a hotel for months.

Proud Start your full service real estate partner, we will help you make your big move with as little stress as possible. We recently helped a family in Oakland accomplish their goal of moving to Hayward by doing this exact process. Watch this video from the sellers sharing their feedback. Note, you aren’t seeing double the sellers are twin sisters, haha.

Once the family was moved in to their new home, it was time for us to get to work on the old house. We completely remodeled it, bringing new life to this classic 1920’s charmer. Here is a short clip of the rehab stage.

We are an experienced real estate solutions company that can help you accomplish your goal. If you are looking to buy and/or sell a house in the Bay Area, give us a call to learn more about what we can do for you. Don’t put it off any longer than you already have, let’s start the conversation today so we can begin putting the perfect plan together for you.

Did you know that you can sell your Bay Area house while you are going through Bankruptcy?

It’s true, you do not have to wait until your case is closed to sell your house. Given the run up in Bay Area home values over the past several years you could be sitting on equity and not even realize it. You can sell your house, keep some of the proceeds for a fresh start and use any additional equity to pay down your debts. Bottom-line, your house could be an untapped asset in a time where you can really use some help. Give us a call to discuss your situation. We have experience buying houses from folks who were going through bankruptcy, just like you.

It’s not Complicated

Being in bankruptcy does add a couple more steps to the sales process, but it’s really not complicated, and for the most part it is handled by your bankruptcy attorney. Your sale will need to be approved by the court which takes a little time, once approved we provide proof to escrow and the sale can proceed as normal. By working with us you can have your house sold through bankruptcy in less than a month, giving you the cash you need to get back on track.

Going through bankruptcy or any sort of personal crisis is very stressful, but it doesn’t have to be. The key is to get informed of your options. Once you know what is available to you, you can put a plan in place and simply execute. Our goal is to inform you and give you options when it comes to your house.

We Can Help You Through

In addition to buying your Bay Area house while in bankruptcy we can assist you through other situations such as; inheriting a house, probate, divorce, foreclosure, evictions, behind on taxes and much more. All it takes is a simple, no pressure phone call to get started. We have worked with a lot of people, each one with their own unique situation, whatever you are going through if you think that selling your Bay Area house might be an option for you let us know. Despite what you may be feeling there is no shame in your current situation, the only shame is if you give up and don’t keep working towards improving your circumstance. Let us help you achieve a fresh start you can be proud of.