4 Secrets to Profiting from Probate Properties in OH

Point blank: When you know the secrets to profiting from probate properties, you have the ability to make a lot of money. Probate properties can be can found all across OH and Houses Cleveland Ohio can help you successfully navigate this world of investing. 

1. Understand How The Process Works

Buying a property through a probate court or estate sale is not like buying a property off the MLS. Every situation is different and processes vary state to state.

Sometimes beneficiaries will all have to approve the sale, sometimes it is at the discretion of the court. Sometimes the Executor will have the power to list the home as if it were their own, so make sure you are aware if it will be an off-market sale or not.

Ask how the offers should be submitted and if there will be any special processes or time constraints you need to be aware of.

2. Don’t Be Crass

When a property is going through probate, family and heirs are dealing with many stressful tasks and emotions all at once. Being overbearing by contacting immediate family is an instant way to get your letter ignored.

Before you reach out to the family, try to see if they are working with a broker, and if not, seek to speak with the executor of the estate.

Think about how you would feel in their shoes and act accordingly.

3. Make It Easy

With all the stresses heirs are dealing with, a quick and easy sale is going to sound appealing. Make the process easy for them. Let them know you will take care of items left behind and any repairs that are needed.

All of those things need to be taken care of before a home can be listed, so save them the hassle by buying as-is. Make sure they know you are not going to try to negotiate any repairs, and if you are paying cash, let them know how quickly you will be able to close.

4. Look For Heirs Who Live Out of State

If you are using a list to find potential probate property opportunities, look for properties whose heirs live out of state. Typically these owners/heirs will be more motivated to sell in a fast and timely manner.

They are not going to want to fly into town, clean up, repair, upgrade, and take care of all of the belongings in the home before being able to list it. A fast and easy transaction will benefit both them and you. Everyone wins.

Want To Learn More About Profiting from Probate Properties?

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About davidhelmick

My passion, Real Estate. My past includes nine years asa mortgage broker and Real Estate Investor. My business model is simple. To provide Real Estate to those who long for the solid returns the market or other investments are now failing to do. At the same time, I seek out Real Estate owners who struggle to find a buyer for their property. By bringing both the Investor and Real Estate together, a solution takes place. When I'm not working, I can generally be found outdoors. My passion is biking and a solid game of hoops. While living in the Cleveland area, which provides all four seasons, I have purchased an indoor bike trainer which I ride while watching warm events. Specialties: Action
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