What are Pre Probate 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 is initiated after data identifies the deceased person and real estate is verified with the property appraiser and property taxes.
Why do executors often sell properties under market value?
The executor has the authority to sell property belonging to the estate. However, they must adhere to state laws and the terms of the will. Some guidelines must be followed to ensure the property is sold for fair market value. If the executor sells property of the estate for less than fair market value, they may be held liable. Some reasons for liquidating,
– The estate is facing financial difficulties and needs to sell the property quickly
-Finally, the odds of an executor being a real estate professional is remote, and disposing of the real estate is essential.
-Living and working in another state or country and having no plans to return
-Unnecessary burden and having no interest in spending money on the maintenance of the inherited properties.
-Selling for instant cash.
Probates real estate leads, in actuality, are inheritors of properties who are keen to sell off the properties for various reasons once the probate process on inheritance is over. -Probate Real Estate Leads consist of deceased homeowners who have paid off their mortgage or had a low mortgage balance. In general, probate lead consists of high equity, leaving plenty of room to negotiate a fair price and giving you the potential for a significant profit margin.
A "motivated seller" is a property owner willing to sell the home below market value. The term could also refer to someone who would considerably sell their property with terms that favor you. Sometimes, you'll find a seller that meets many of these criteria.
Often, a motivated seller has a strict timeline that they are trying to meet. For instance, they aim to move the property quickly, partly because you may have access to it cheaply.
It often is when something seems too good to be true in life. However, certain real estate investments buck the trend and are the exception when capitalized effectively.
Unique marketing for pre-probate real estate leads.
Before we discuss buying tips, we need to consider two significant factors in the sale of probate or trust property. First and most important – the sale of probate or trust property often occurs soon after the owner's passing. The mourning family should not be contacted directly when that is the situation. Grieving family members often tell me that within hours of publishing an obituary, dozens of real estate agents are soliciting listings, or investors are contacting them at all hours with offers to buy the home, usually at low-ball prices, before it goes on the open market. Getting the executor (who may or may not be a family member) is appropriate, but the first question should always be, "are you working with a broker?" If so, buyers should contact the broker to discuss their offers.
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 paramount. 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 postcards with pictures of the real estate imprinted. Postcards are fast and exceptionally effective.
Marketing must include working the returned mail and people changing addresses over time. Databases, including government databases, courthouses, and property appraisers, to name a few, have outdated or incorrect information. In addition, skip tracing is a tool to sort out address issues and phone numbers, broaden your search criteria and give you more information. For example, If John Doe has three addresses, mail all three. What works for you depends on location demographics and other factors, including personal preference.
In a state or city near you
Disciplines in the real estate profession attend meetups and clubs—an excellent resource for networking for new and seasoned investors. Our customers are nationwide. Approved vendor at a National Real Estate Investors Association (REIA) event near you. Calendar of events
What is the difference between ProbatesDaily- ForeclosuresDaily difference?
The process encompasses input from the court clerk, property appraisers, public notices, and other filters. The result is fresh real estate leads. Connecting customers with motivated real estate sellers. YouTube here
Experience the ProbatesDaliy.com-ForeclosuresDaily.com difference! We only supply you with real estate leads that are fresh daily. We have the beef if you are a new investor or hedge fund.