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Why do executors often sell properties under market value?
Often, executors have a personal or close professional relationship with the deceased. That means they are likely going through a grieving process themselves or under pressure to help grieving heirs quickly settle the estate. Probate real estate leads are often heirs or the executor, who most likely paid the mortgage for the home every month; therefore, any cash received from the sale is income. Finally, the odds of an executor being a real estate professional are remote. These factors mean that the executor may not be willing to invest the time, effort, and money required to obtain the highest possible value for the decedent's property. Heirs are keen to sell for various reasons. They leave plenty of room to negotiate a fair price and give you the potential for a significant profit margin. Inheritance heirs are motivated sellers of real estate. Get the Digonline discount.
The probable reasons,
- Living and working in another state or country
- Need money
- Unnecessary burden and has no interest in spending money on maintenance
- Selling for instant cash
