What are 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 is initiated after data identifies the deceased person and real estate is verified with the property appraiser and property taxes.
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 and 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, moving the real estate fast and settling for a lower offer is necessary. 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 have 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 that needs to list their home. For this reason, a seller often has a strict timeline that they are trying to meet and want 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: pre-probate Real Estate Leads
Generally, a wholesale deal is a short-term real estate investment strategy investors use to realize relatively fast profits. Pre-probate real estate leads help you find houses that can be purchased for less than their market value. Once a property has been identified, one of two wholesale strategies is to pay cash for a quick claim deed transfer or double close strategy.
Double Close Strategy: Pre-probate LeadsÂ
As an illustration, as its name suggests, the double-close strategy is to have the right to 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 Marketing for 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 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, need to be updated or corrected 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, 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.
Well-Versed Team
We have been supplying the hottest Off-the-Retail-Grid-Real Estate Leads since 2004. Equally important, many of our customers come by referral. Our products include Pre-probate real estate leads entering the wholesale market. Getting you first on the scene at warp speed with a real estate seller separates us from others. Doing the research will save you time and money so that you can focus on activities such as wholesaling, rehabbing, and flipping. Furthermore, we gauge our success as a company by the success of our customers.
Buying the right product is crucial when purchasing Off-the-Retail-Grid-Real Estate leads based on your preferences and what works best for you. On the positive side, our staff has decades of experience in the real estate industry. Coupled with our highly skilled professionals, we are committed to providing unparalleled personalized services of high quality to all our customers.
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