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

HomeLight

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? You vaguely understand that these can provide opportunities for a bargain. We’ll walk you through it.

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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

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. 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.