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Top 5 Reasons To Acquire Probate Properties
By
Sep 8, 2005, 19:15
1. Bargain Basement Prices: The Probate market is full of fabulous properties you can snap up for 30% to 50% below market value. Get the home of your dreams for your family, or resell quickly and be positioned to capture a lifetime of gains within days. It’s the ultimate “Buy Low / Sell High” scenario.
2. Huge Inventory: There are almost six million estates in probate, with assets worth trillions of dollars. Every type of real estate – from houses to beachside motels – are in probate. According to the Los Angeles Times, there are nearly 44 times more probate properties than properties in foreclosure.
3. Buyer’s Market: Purchasing property out of an estate assures you of a highly motivated seller. Most beneficiaries are anxious to sell the house (and other unwanted assets) so that they can pay off debts attached to the estate that must all be settled before the estate can be distributed.
4. All Kinds Of Treasures: Historic architecture, classic cars, fine jewelry, antiques, art, toys, collectibles, and much more enter into probate every day. Millions of items. And they can sit there for years unless you rescue them.
5. It’s A Secret: Few people know how to find and purchase property from an estate. Event he beneficiaries don’t know how to sell. That means, as a “first in” estate investor, you have little or no competition from other buyers – plus you’re helping anxious sellers.
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