Tag Archives: probate sales

Keep A Tight Leash on Cashier’s Checks

One of the requirements for buyers making offers on properties that are being sold through probate sales with court confirmation is that you have to submit a cashier’s check for 10% of your offer price. It’s important to know the details about cashier’s checks so you don’t end up losing access to your funds temporarily.

Probate sales with court confirmation (click here for an overview) have been going on for many, many years—well before the go-go San Francisco housing market kicked in. A buyer would make an offer, include the check, and the sale would progress.

These days, however, homes being sold in this manner in desirable neighborhoods can easily fetch five or more offers. And that means five or more buyers will go to their banks and get cashier’s checks for large amounts of money. That’s a lot of checks floating around. So it’s important to be aware of what’s at stake when you get a cashier’s check from your bank, and what exactly happens during the sale process. Continue Reading

Get in touch:

Eileen Bermingham

Zephyr Real Estate

415.823.4656

ebermingham@zephyrsf.com

BRE# 01352627

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Home Buyer Boot Camp 2016


Hosted by Inside San Francisco Real Estate Blogger-Realtor Eileen Bermingham


We’ll cover:

How to secure financing

What’s happening in the market

How to win the property you want

What happens after you go in contract.


Saturday, October 8th

10:00am – Noon

4040 24th St @ Noe


RSVP by 10/6 to Eileen at

415.823.4656

ebermingham@zephyrsf.com