| Try Probate Real Estate Instead Of Foreclosures | | | | price he could get, just a reasonable deal that |
| Trying to turn a profit working in foreclosures is | | | | could be completed quickly and easily. |
| not easy. It seems like everybody and their | | | | When a loved one passes away, along with the |
| brother is in the foreclosure business. In many | | | | property one inherits a very large project which |
| areas, it is hard to get a piece of that market, | | | | most people don't need and don't want to deal |
| even if you are interested. | | | | with. If you can offer a quick and simple solution, |
| Foreclosures Are For Vultures, Probate Is For | | | | they view you as the answer to their problem. |
| Heroes | | | | In addition, oftentimes there are several siblings |
| When you work with foreclosures you are often | | | | who inherit the property jointly and live in |
| dealing with people that do not really want to sell | | | | different parts of the country. Disposing of a |
| to you. They are usually desperate, have to sell, | | | | property that is far away from where they live is |
| and are rarely happy about the situation. They | | | | very difficult. In most cases, they don't want the |
| are often losing the roof over their heads and | | | | property and they don't want to figure out how |
| some people can get really nasty during the | | | | to buy each other out,they just want to split the |
| transaction. In probate, it is very different as | | | | money from the sale of the property. This is |
| many people want to sell to you and the house in | | | | especially true if there are other bills to pay |
| question is often not the seller's primary residence. | | | | associated with the estate of the deceased. |
| You are dealing with people who are motivated to | | | | Property Tax, Another Reason Heirs Might Want |
| sell, not highly stressed people. It makes a | | | | To Sell |
| hugedifference. | | | | Many people over 65 years old defer their |
| Many Heirs Are Happy To Sell To You | | | | property tax liability through a senior deferral. |
| A friends' mother passed away in the mid-90s | | | | Once they pass away, these deferred taxes |
| and he inherited a house about five hours away. | | | | become due. If children inherit the property and |
| While talking to him one day on one of his | | | | have to deal with the issues of the estate,they |
| numerous trips back and forth to deal with the | | | | also inherit this tax liability. Many people in this |
| property, he said that if someone would offer him | | | | situation need to turn the property into cash as |
| areasonable price for the house, he would gladly | | | | soon as possible so that they may pay these |
| take it. He said it didn't even have to be the best | | | | taxes and other costs associated with the estate. |