What is a Pre Probate Leads?
Death that has not been filed for probate and or inherited by other estate planning. In the first place the Leads are recent deaths with real estate ownership. Pre Probate Real Estate Leads are available daily nationwide.
Pre Probate real estate Investing is inherited properties that sell quickly. Since many heirs live out of state, or are otherwise not prepared to maintain the property, they often look to sell quickly. Imagine that you were the first person an executor spoke to when needing to sell real estate? Pre probates real estate data, is not available to the retail real estate market and is defined as off market real estate.
Why Executors Often Sell Properties Under Market Value
Firstly, executors have a personal or close professional relationship with the decedent. Coupled with heirs going through a grieving process or under pressure to help grieving heirs quickly settle the estate. Secondly, the odds of an executor being a real estate professional are remote. Not to mention executors may not be willing, to go through the time, effort, and money it takes to get top dollar for the decedent’s property. Finally, a higher number of deceased homeowners have either paid off their mortgage or had a low mortgage balance. Pre Probate Real Estate Leads are very high equity, leaving plenty of room to negotiate a fair price to the seller and giving you potential for a great profit margin.
Why executors often sell properties under market value?
Often, executors have a personal or close professional relationship with the decedent and, likely going through a grieving process themselves, or under pressure to help grieving heirs quickly settle the estate. The heirs or the executor most likely o paid the mortgage for the home every month, so any cash received from the sale is usually seen as a windfall. Finally, the odds of an executor being a real estate professional are remote. By the same token executors may not be willing to go through the time, effort, and money it takes to get top dollar for the decedent’s property.
Pre Probate Real Estate Leads consists of a high number of deceased homeowners have either paid off their mortgage or had a low mortgage balance. In general, probate lead has very high equity, leaving plenty of room to negotiate a fair price to the seller and giving you potential for a great profit margin.
Pre Probates real estate leads in actuality are inheritors of properties who are keen to sell off the properties due to various reasons once the probate process on inheritance is over. The probable reasons for their minimal interest are –
- Living and working in another state or country and have no plans to return
- Need money
- Unnecessary burden and have no interest in spending money over maintenance of the inherited properties
- Selling for instant cash
“The early bird gets the worm” and “The squeaky wheel gets the grease” is the key to success. Finding the owner or person who can execute a deed is paramount. Start with a unique 4-6 mailing campaign. Consisting of hand written letters with colored envelopes and special markings. Technology has arrived, an effective way to communicate your intentions is post cards with pictures of the real estate imprinted. Postcards are generated fast and extremely effective.
Marketing must include working, the returned mail. People change address over time. Databases including, government databases, courthouses, property appraisers, to name a few, have outdated or incorrect information. Skip tracing is a tool to sort out address issues, and phone numbers. Skip tracing will broaden your search criteria and give you more information. For example, If John Doe has three addresses, re-mail to all three address. Not recommended to call, heirs too soon with probates and pre probate leads. Some are still grieving.
Coupled with, other techniques including, boots on the ground. Nothing beats knocking on doors. Employing all means necessary and taking no prisoners approach, is what makes it happen! What works for you depends, on the demographics of location and other factors, including personal preferences.
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