Pre-probate Real Estate Leads
Now, you're probably wondering, "What is pre-probate?" Pre-probate data matches the current name on a property title with the name and address of a death record. The data process identifies the deceased and cross-references with the property appraiser, property taxes, and other resources.
Why do Heirs often Sell Properties Under Market Value?
When someone passes away, their estate goes through a legal process called probate. A pre-probate real estate lead still needs to file for probate. Off-the-Retail-Grid-Real Estate consists of, for example, death, ownership, and unknown estate planning. Equally important, heirs sell the real estate without court intervention. Heirs sell real estate property at fair market value. For various reasons, in some cases, it is necessary to move the real estate fast and settle for a lower offer. Certain real estate investments buck the trend and are the exception when capitalized effectively. We do all the research so you can concentrate on being more competitive.
An overlooked point is that heirs often have a personal or close professional relationship with the decedent. In addition, they are likely going through a grieving process themselves or under pressure to help grieving heirs quickly settle the estate. Heirs most likely did not pay the mortgage every month, so any cash received from the sale is a windfall. Another critical point is that heirs may not be willing to go through the time, effort, and money it takes to get top dollar for the decedent's property. Finally, the odds of being a real estate professional are remote. Heirs are motivated to sell due to various reasons. Sign up for the pre-probate real estate leads platform.
- Unnecessary burden and has no interest in spending money on repairs
- Living and working in another state or country
- Need money, instant cash
- Upcoming payments
Motivated Sellers need to Liquidate
A "motivated seller" is a property owner willing to sell the home below market value. For this reason, the term could also refer to someone selling their property with terms that favor you. You'll find a seller who needs to list their home. For this reason, a seller often has a strict timeline to meet and wants to sell their house quickly. The adage, 'If it sounds too good to be true, it probably is,' is only sometimes correct. Certain real estate investments buck the trend and are the exception when capitalized effectively.
Below-Retail Wholesale Pricing: Pre-probate Real Estate
Generally, a wholesale deal is a short-term real estate investment strategy that investors use to realize relatively fast profits. Pre-probate real estate leads help you find houses for less than their market value. One of two wholesale strategies is to pay cash for a quick claim deed transfer or a double close strategy.
Double Close Strategy: Pre-probate Leads
As an illustration, as its name suggests, the double-close strategy is to acquire real estate with minimal investment outlay. In particular, a contract assignment gives the sole right to sell real estate. Then, turn around and sell for a profit in a short period. As a result, this is considered a fast flip with little cash investment.
Unique Real Estate Marketing and Pre-probate Real Estate Leads
Moreover, "The early bird gets the worm" and "The squeaky wheel gets the grease" are crucial to success. Finding the owner or person who can execute a deed is essential. For example, start with a unique 4-6 week mailing campaign. We recommend handwritten letters with colored envelopes and distinctive markings. Technology has arrived, and an effective way to communicate your intentions is with postcards featuring pictures of the real estate. Postcards are fast and exceptionally effective.
Marketing must include working with the returned mail and people changing addresses over time. Databases, including government databases, courthouses, and property appraisers, to name a few, need to be updated or have their information corrected. In addition, skip tracing is a tool to resolve address issues and phone number discrepancies, broaden your search criteria, and give you more information. For example, if John Doe has three addresses, could you mail them all? What works for you depends on location demographics and other factors, including personal preference.
Networking Pre-probate Real Estate Leads
A point often overlooked is networking. Investors and others in the real estate profession attend real estate meetups and clubs, which are excellent resources for lining up financing, contractors, and realtors for your flip. Meet our staff and customers at a National Real Estate Investors Association (REIA) event near you.
Who
We have been supplying the hottest off-the-retail-grid real estate leads since 2004. Equally important, many of our customers come from existing customers. Our products consist only of real estate data entering the wholesale market. Being first on the scene at warp speed with a motivated seller of real estate is what separates us from others. Conducting research will save you time and money, allowing you to focus on activities such as wholesaling, rehabbing, and flipping. We gauge our success as a company by the success of our customers.
ProbatesDaily.com and ForeclosuresDaily.com Difference
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