Remove As-is Remove Closing Remove Marketing Remove Probate sale
article thumbnail

What is a Probate Sale? Answering 4 Big Questions About This Tricky Transaction

HomeLight

You’re interested in buying a house, and someone told you about probate sales. But — if you’re being honest — you really have no idea what a probate sale is or how it works. What is a probate sale? You vaguely understand that these can provide opportunities for a bargain. We’ll walk you through it.

article thumbnail

Opinion: What agents should know about selling probate real estate

Real Trends

For those seeking real estate investment opportunities, probate sales offer a unique and often overlooked niche. By understanding probate real estate and its intricacies, savvy investors can unlock potential gains while assisting families in the difficult process of settling an estate.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Master Probate Transactions

The Residential Specialist

Probate transactions are notoriously difficult but can be mastered with the right education and experience By Annika Tourlas REALTORS ® are often faced with the delicate task of navigating property transactions after an owner’s passing. What is a probate transaction? A probate sale could take a year or more to complete.

article thumbnail

What Happens to a House in Probate? 3 Common Paths for Estate Property

HomeLight

A house can avoid probate if it’s automatically passed on to survivors via a living trust , joint ownership , community property law , or transfer-on-death deed. So what happens to a house in probate? Other times the personal representative of the estate (also known as the executor) will need to sell the house with probate oversight.

article thumbnail

How to Master Probate Transactions

The Residential Specialist

Probate transactions are notoriously difficult but can be mastered with the right education and experience By Annika Tourlas REALTORS ® are often faced with the delicate task of navigating property transactions after an owner’s passing. What is a probate transaction? A probate sale could take a year or more to complete.

article thumbnail

Probate Properties are Great Opportunities for Real Estate Investors

Realty Biz

Every investor is aware of, and many specialize in one of these sources of investment properties: foreclosures, REO, short sales, divorces, fire damage, damaged foundations, hoarders, and other distressed properties. In today’s market, these can be difficult to find and too many investors are pursuing the same properties.

article thumbnail

Benefits of Investing in New Construction Real Estate

Norada Real Estate

If your investment focus is on pre-foreclosure, foreclosure, bank-owned property (REOs), or probate sales then you are likely to be purchasing resale properties. This is sometimes negotiable and is a major advantage for investors who prefer to minimize their out-of-pocket cash until the actual closing date. for up to two years.