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

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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? How does a probate sale unfold? A probate sale can be complicated and take time.

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Distressed Property: What It Is And How To Invest

AAOA

Probate Sales: With probate sales, people sell properties as part of estate settlements after the owner has passed away, oftentimes to distribute assets among heirs. The heirs may want to get the property off their hands quickly, which can translate to a cheaper sale for you. Every detail matters at this stage!

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

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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. Probate takes time and energy.