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Off-market properties are homes for sale but not listed on a local multiple listing service (MLS). Because they’re not advertised publicly, off-market listings give investors a rare opportunity to scoop up potentially lucrative deals in otherwise competitive and high-value markets. There may be a financial dilemma or an owner looking to exit the property quickly.
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Why do executors often sell properties under market value?
Often, executors have a personal or close professional relationship with the decedent. 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 heirs, or the executor most likely paid the mortgage for the home every month, so any cash received from the sale is a windfall. Finally, the odds of an executor being a real estate professional are remote. These factors mean that the executor may not be willing to go through the time, effort, and money it takes to get top dollar for the decedent's property. Heirs are keen to sell due to 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 have no interest in spending money on maintenance
- Selling for instant cash
