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

HomeLight

But when you think about probate, remember the whole point of it is to prevent fraud after someone dies. So you can bet the court will keep a close eye on what’s usually an estate’s largest asset: the house. What happens to the house when it enters probate? Let’s walk through a few common scenarios for a house in probate.

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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. There may still be a mortgage needing to be paid. There are many reasons why heirs want to sell probate property fast.

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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 is sometimes negotiable and is a major advantage for investors who prefer to minimize their out-of-pocket cash until the actual closing date.

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How to Grow Your Real Estate Business: 11 Tips + 1 to Avoid

The Close

I’m sharing 11 tips from my years of sales and coaching on how real estate agents grow their businesses. Every month, this agent tries a new lead generation strategy, jumping from one tool to the next without seeing the process bloom into a sale. Let’s assume the average price point of your home sales is $500,000.

Agents 96
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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. When I was an agent in New York City, I made $1,500 to $3,000 per closed rental transaction. Agents who worked high-end exclusive rental listings sometimes collected five-figure commission checks from one closed rental deal.