Remove Loans Remove Probate sale Remove Renovation
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Selling a House in Poor Condition: Five Steps to a Successful Sale

Redfin

Consider which option fits your goals: Traditional sale: It’s possible, but you’ll need a real estate agent who’s comfortable marketing distressed properties. Choose one who works with investors or handles estate and probate sales. Be wary of buyers with financing unless they’re using renovation loans.

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Distressed Property: What It Is And How To Invest

AAOA

Renovating distressed properties doesnt just restore their functionality. Cons Frequently, distressed properties require substantial repairs or renovations to bring them up to a livable or marketable condition. The heirs may want to get the property off their hands quickly, which can translate to a cheaper sale for you.

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Benefits of Investing in New Construction Real Estate

Marco Santarelli

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. Additionally, resale property that has undergone renovations may not meet current-day building codes.