Probate Real Estate InvestingProbate Real Estate Investing starts with a death that has been filed for probate with the Clerk of the Court. In addition we have Pre Probate leads nationwide. Probate Real Estate Investing and potential seller clients who inherit properties they often want to sell quickly after going through the probate process (the legal process of transferring the assets of a deceased person to heirs). Find probate properties? Since many heirs live out of state, or are otherwise not prepared to maintain the property, they often look to sell quickly.
Why executors often sell properties under market value?Often, executors have a personal or close professional relationship with the decedent. That means that they are 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. All of 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. A high number of deceased homeowners have either paid off their mortgage or had a low mortgage balance. Typical 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. Probates with real estate leads are in actuality 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 in the probate properties 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
Who uses our lists?New and seasoned investors. In addition wholesalers, Realtors, Attorney’s, Hedge Funds and a wide variety of other real estate professionals on a nationwide level.
Unique marketing“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. In addition 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.
Benefits of using our listsAn Investor can benefit from our lists in many ways. Firstly, us doing their research will save them time to focus on revenue generating activities such as, wholesaling, rehabbing and flipping properties. A realtor can benefit from using our lists by increasing their listings and also helping their investor clients to find good deals that they otherwise would not have found. An Attorney can benefit from using our lists by increasing their clients. Secondly, using our lists, you will have access to the hottest probate investing leads nationwide, beat the competition and get properties with actual equity from motivated sellers. Finally, will learn insider’s tips and gain a competitive advantage. At the end of the day, the only way that we can gauge our success as a Company, is by your success as a client.
What’s the difference between Pre-Probate and Probate?The difference between a Probate and a Pre-Probate;
- Probate means that the Probate has already been filed in the Court.
- Pre-Probate means that the Probate has yet to be filed.