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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. Intestate probate closing procedures vary by state.

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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. One reason is to keep their sales up and debts low in order to be able to attract lender financing so they can build more property.