Investing in probate properties is a method used by savvy investors as well as average buyers who are looking for a great deal on a FLORIDA home.
Sometimes probate properties are listed on the MLS, other times they are sold off-market. Once you understand how probate properties are sold and you’ve found a professional you can trust, investing in probate can be one of the best niches in FLORIDA.
A Constant Flow of New Properties
Each year, millions of probate cases are filed across the USA, offering an ongoing opportunity for property discovery. Whether you’re exploring vibrant cities or serene towns, properties are scattered throughout every corner of the country, ready for your keen observation.
No matter where you live, you are certain to find a property being sold through probate nearby. The trick is to be able to find these leads and act quickly. Core Real Estate Solutions can keep you informed and help you formulate an investment strategy when you are ready to buy a probate property in FLORIDA.
Less Competition
When people hear the word “probate,” they often shy away, but there’s no need to fear. If the executor of the estate has the authority to sell the property without court approval, the process closely resembles buying a home through traditional means.
There are different levels of authority an executor or estate administrator may hold. If you want to close quickly try to work with someone who has full authority of sale of the home, without the court’s permission and red tape.
If you are able to successfully make an offer before the property is listed or the address is printed, you have a greater chance of your offer being considered.
Motivated Sellers
There is no seller more motivated than someone who has recently inherited a property. More times than not, the heir(s) will want to sell fast and deal with the property as little as possible.
Receiving unexpected inheritances can catch heirs off guard, leaving them ill-prepared to handle taxes, utilities, and maintenance for the inherited property. This burden can be especially daunting for heirs residing out of state or abroad, as they may encounter additional expenses and logistical challenges in managing the property from a distance. Consequently, these factors often compel heirs to accelerate the sale process, aiming to ease financial strain and alleviate stress.
By you making a fair and simple offer you are likely to appeal to the heir who wants to end the process quickly and efficiently.