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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.

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Benefits of Investing in New Construction Real Estate

Norada Real Estate

Buying a newly constructed home may also provide tax advantages, such as a reduced property tax rate for the first year and the option to claim mortgage interest and property tax deductions. This only makes sense when the second investor is benefiting from the property's equity through discounts and appreciation during construction.

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8 Red-hot Real Estate Niches That Can Double Your GCI in 2024

The Close

And with mortgage rates currently sitting around 8%, this puts homeownership on ice for many. The best part of military movers is they typically use their Veterans Affairs benefits, which allows them to get a mortgage with zero down payment. Thankfully, short-term rentals (STRs) are still lucrative, even in the current economy.