Marco Santarelli
JANUARY 27, 2023
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.
AAOA
MAY 5, 2025
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.
HomeLight
OCTOBER 20, 2020
The Los Feliz Mansion closed on July, 18, 2016, and was snatched up in a probate sale the month before. Public sale records show the house dropped in price from $2.75 million to its final sale price of $2.3 “Some buyers will think that they can take advantage of the situation and make a crazy [low] offer,” she says.
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