article thumbnail

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

HomeLight

This process varies from state to state but generally follows the same steps: the executor partners up with a top real estate agent to handle the transaction, orders a home inspection , and then the house goes on the open market like a traditional home sale to bring a buyer to the table. Why does that matter?

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 only makes sense when the second investor is benefiting from the property's equity through discounts and appreciation during construction.

article thumbnail

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

The Close

If you want to work the sales side, start educating your sphere on real estate investing with an eye toward renting. Probate Sales When a homeowner dies, a property typically has to go through some type of probate court before it can be conveyed to a surviving family member or person named in a will. But not so fast!