Hi Barbara,Pre-forclosure simply means that mortgage payments are overdue, usually by 90 days. It's at this point that the bank can start their foreclosure actions which normally take an additional 30-60 days. The owner can still cure the pre-forclosure status by paying the amount due in arrears along with any late fees. So, it is not certain that this home will be foreclosed on just yet. However the bank has the right to put a notice of default on the title and flag it as pre-foreclosure. I hope this answered your question.
Probably your best bet is VRBO (Vacation Rentals by Owner). They are online and you can search by city.
I think the best first step is to talk to a reputable Trust Attorney. Even though you are the executor and have the majority share, I am sure life will be easier if you get everyone who has a share pointed in the same direction. A Trust Attorney may have some suggestions for you.
Even simple things like interior non-bearing walls can sometimes require a permit. I would find out whether it did or not.If you are selling your home yourselves and do not want to use a Realtor, I would strongly encourage you to at least consult a real estate attorney. That way you get minimum involvement and can be reasonably sure you have covered all your bases legally. Statistically, sellers are sued much more often then buyers over real estate transactions. It is not often mentioned, but a big part of a listing agent's job is protecting their client from legal exposure. To that end we have a list of required disclosure documents. Some are filled out by the seller, and some are City, County, or State disclosures, but they are all there to give the buyer as much information as possible and to prevent a misunderstanding and reduce the likelihood of a law suit later on.Good luck in your sale. Now is a great time to be selling.
Since it seems I can not provide any link, you'll have to go to my profile and click on "My Website" to find it the article, but in the mean time...to claim your home, go to the Zillow home page, click on the "More" tab on the bar across the top, scroll down to "Help" and the title "How to Claim Your Home" will be front and center.Good luck! And do not worry, you won't be losing money in this market as a seller. Homes in your category are in high demand right now, plus you have the commuter rail coming in within the next couple of years and the station is not very far from your house.
Hi, I know your frustration! I've hated Zestimates for years, but to be honest, they are neither here nor there when it comes to real life transactions. I recently wrote about this very thing...why you should ignore it and how you can have a say on Zillow about your own house. (Included in the article towards the end is a link that takes you to the Zillow page with instructions about claiming your own house.) Here is the link [Removed by Zillow moderator. Please see our Good Neighbor Policy for information.]Good luck! And do not worry, you won't be losing money in this market as a seller.
Hi,Your home's worth is most drawn from recent sales of comparable homes in your area. By recent I mean within the last 90 days ideally. Both Realtors and appraisers go by this benchmark, though a formal appraisal has much more detail involved. Realtors are not generally also licensed to appraise. What they do have though is not only market knowledge in your area, but they've toured most of the homes that have listed and sold there. Home values went up by 27% overall in Sonoma County last year and they are still on the rise this year. This market has made most homes now worth more than what the purchase price was at the height of the last good market. Though there are still some, foreclosures and short sales have nearly disappeared from the market.To what your specific home is worth in this market, find an agent you feel you would like to work with and ask them to put together an analysis for you. There has been a shortage of homes to sell for at least 2 years, but a huge interest in investing in real estate from buyers. So, this is the best year in a long time to sell if you are ready.Best regards,Sheila
There is a lot of love/hate with Zestimates. They work best in areas with large subdivisions of homes built in the same 5-8 year period. That is just about exactly opposite to what our housing is in Sonoma County, where we have a wide selection of homes: ranches, country properties, Victorian, vintage, etc.But, in 14 years of doing real estate I have never once heard from a buyer, or more importantly an appraiser, a single word about Zestimates. So, I can tell you that Zillow absolutely did not ruin your home's value. The market determines the value. So, whatever similar properties in a nearby radius that sold in the last 3 to 6 months are what informs your home's price, not Zillow.
Statistics can play tricks on us. If you look at the Zillow map, it seems pretty obvious that the trend in your neighborhood is solidly in the low to mid-500K range, but there are some in the $300K or $400K range. The ones in the $300s were purchased in 2012 and the $400K houses seem to be purchased in 2013, when you made your purchase. I think what happened is that Zillow may have applied the same percentage of increase overall using the purchase price as the base. A rising tide raises all boats...equally. Do not worry about it because if you were to sell, the agent would be basing their pricing recommendation on the actual sold prices from the MLS, not on a Zillow estimate. Zillow does a good job of making information available so you can keep up with your neighborhood, but you would need a professional to give you a really clear idea of your market.Hope this helped.
The agent or the agent's brokerage may not know that they can enter their listing on Zillow. Zillow does a very comprehensive job of providing information, so much so that it can be confused with the Multiple Listing Service. I would just ask the agent to post the listing on Zillow, that way the agent will field the calls and emails and the seller won't have to.