What is probate real estate lead?
The Probate process starts with the death filed with the Clerk of the Court for Probate administration. (the legal process of transferring the assets of a deceased person to heirs). Our Probate real estate leads are recent deaths with real estate ownership. Probate leads are available daily nationwide.
Probate real estate investing is estate properties that sell quickly. Since many heirs live out of state or are otherwise unprepared to maintain the property, they often look to sell soon. Imagine that you were the first person an executor spoke to when selling real estate. Probate real estate data is not available to the retail real estate market and is off-market real estate.
Why do executors often sell properties under market value?
When someone passes away, their estate goes through a legal process called probate. The estate executor is the person responsible authority of the Court to sell the property. The executor ensures that the property is sold for fair market value. However, in some cases, the executor may not get fair market value for the property. This could be for several reasons, such as:
– 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
-Need money
-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.
Who uses probate real estate leads?
New and seasoned investors include Realtors, attorneys, Hedge Funds, Wholesalers, and other real estate professionals.
Does probate real estate lead to unique marketing?
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, mail all addresses. Each lead source is marketed differently based on life events. We do not recommend calling heirs at first. A high percentage of family members are in the grieving process. Other lead types require knocking on doors. For this reason, you can use all means necessary to beat your competitor to the deal. What works for you depends on location demographics and other factors, including personal preferences.
Motivated sellers
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.
What's the difference between Pre-Probate and Probate?
- Probate filed in the Court.
- Pre-Probate not filed.
Where do we get the information?
Our staff of researchers pulls our data daily from the Clerk of the Court. We cross-reference with the Property Appraiser, the Tax Department, and other proprietary processes.
What extra information can you provide than others?
We have customized data requests based on your specification and target areas.
Please tell me at what times you provide data.
Daily and weekly.
How do I get my data provided delivered?
Available download Thru the portal. We support Excel or CSV format depending on client needs. Secondly, columns are formatted to ease your real estate marking mail campaign.
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 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 a hedge fund.