San Diego Real Estate | Probate Sale
A discussion of the more unusual real estate investments must include probate sale or sales of properties in estates. Also, auctions are becoming a more popular way to dispose of real estate, particularly because of the continued expansion of the Internet. In this post we will focus on the discussion of estate sales.
Probate sales
Even more reliable than taxes, death creates opportunities for the purchase of good real estate at attractive prices. Every day someone in your area dies and leaves behind real estate that his heirs may not have any desire to retain. These properties are sold in probate sales by executors of the estate with the assistance of probate attorneys (or by the public administrator if the owner dies without a trust or will).
Know the laws and rules regarding probate sales in your area, because waiting periods and even court confirmation may be required before the sale is finalized. Also, these sales are often subject to overbids. A potential buyer can use the overbid process to appeal directly to the court (before the court issues the order approving the estate sale) to outbid you and purchase the property for more than the current offer under consideration. Generally, the right to overbid requires an offer that exceeds the existing offer by at least 5 percent. Be aware that this possibility exists, and be prepared to raise your bid. Just be careful not to get caught up in a bidding war and overpay for a property. Set a maximum price for yourself before you begin bidding.
Robert has a friend who bought a one-of-a-kind beachfront property in San Diego at significantly below market value from the estate of an elderly gentle- man who died and left the property to his son. Apparently, the son had no interest in living near the ocean because of the noise and traffic that accompanies beachfront properties. So, the son contacted a real estate broker. He was anxious to sell the property, including the house and two rental units, for not much more than the value of the land alone. The real estate broker and Robert?s friend were surfing buddies and because the broker owed Robert?s friend a favor, the broker was glad to give him the first shot at this once-in-a-lifetime opportunity!
It is very difficult to identify probate sales without connections in the industry, however when they do come they can often be great ways at picking up rental property at under market value prices.
Are you interested in learning how I have built a multi-million dollar real estate empire by buying probate sale property?
Visit probate sale
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ByJon Monroe
|
A discussion of the more unusual real estate investments must include probate sale or sales of properties in estates. Also, auctions are becoming a more popular way to dispose of real estate, particularly because of the continued expansion of the Internet. In this post we will focus on the discussion of estate sales.
Probate sales
Even more reliable than taxes, death creates opportunities for the purchase of good real estate at attractive prices. Every day someone in your area dies and leaves behind real estate that his heirs may not have any desire to retain. These properties are sold in probate sales by executors of the estate with the assistance of probate attorneys (or by the public administrator if the owner dies without a trust or will).
Know the laws and rules regarding probate sales in your area, because waiting periods and even court confirmation may be required before the sale is finalized. Also, these sales are often subject to overbids. A potential buyer can use the overbid process to appeal directly to the court (before the court issues the order approving the estate sale) to outbid you and purchase the property for more than the current offer under consideration. Generally, the right to overbid requires an offer that exceeds the existing offer by at least 5 percent. Be aware that this possibility exists, and be prepared to raise your bid. Just be careful not to get caught up in a bidding war and overpay for a property. Set a maximum price for yourself before you begin bidding.
Robert has a friend who bought a one-of-a-kind beachfront property in San Diego at significantly below market value from the estate of an elderly gentle- man who died and left the property to his son. Apparently, the son had no interest in living near the ocean because of the noise and traffic that accompanies beachfront properties. So, the son contacted a real estate broker. He was anxious to sell the property, including the house and two rental units, for not much more than the value of the land alone. The real estate broker and Robert?s friend were surfing buddies and because the broker owed Robert?s friend a favor, the broker was glad to give him the first shot at this once-in-a-lifetime opportunity!
It is very difficult to identify probate sales without connections in the industry, however when they do come they can often be great ways at picking up rental property at under market value prices.
Are you interested in learning how I have built a multi-million dollar real estate empire by buying probate sale property?
Visit probate sale
Article Source:http://EzineArticles.com/?expert=Jon_Monroe
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Monroe, Jon?Probate Sale.?Probate Sale.4 Sep. 2011EzineArticles.com.17 Sep. 2011 http://ezinearticles.com/?Probate-?Sale&id=6539328>.
Monroe, J. (2011, September 4). Probate Sale. Retrieved September 17, 2011, from http://ezinearticles.com/?Probate-?Sale&id=6539328
Monroe, Jon ?Probate Sale.? Probate SaleEzineArticles.com. http://ezinearticles.com/?Probate-?Sale&id=6539328EzineArticles.com
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San Diego Real Estate | Probate Sale
A discussion of the more unusual real estate investments must include probate sale or sales of properties in estates. Also, auctions are becoming a more popular way to dispose of real estate, particularly because of the continued expansion of the Internet. In this post we will focus on the discussion of estate sales.
Probate sales
Even more reliable than taxes, death creates opportunities for the purchase of good real estate at attractive prices. Every day someone in your area dies and leaves behind real estate that his heirs may not have any desire to retain. These properties are sold in probate sales by executors of the estate with the assistance of probate attorneys (or by the public administrator if the owner dies without a trust or will).
Know the laws and rules regarding probate sales in your area, because waiting periods and even court confirmation may be required before the sale is finalized. Also, these sales are often subject to overbids. A potential buyer can use the overbid process to appeal directly to the court (before the court issues the order approving the estate sale) to outbid you and purchase the property for more than the current offer under consideration. Generally, the right to overbid requires an offer that exceeds the existing offer by at least 5 percent. Be aware that this possibility exists, and be prepared to raise your bid. Just be careful not to get caught up in a bidding war and overpay for a property. Set a maximum price for yourself before you begin bidding.
Robert has a friend who bought a one-of-a-kind beachfront property in San Diego at significantly below market value from the estate of an elderly gentle- man who died and left the property to his son. Apparently, the son had no interest in living near the ocean because of the noise and traffic that accompanies beachfront properties. So, the son contacted a real estate broker. He was anxious to sell the property, including the house and two rental units, for not much more than the value of the land alone. The real estate broker and Robert?s friend were surfing buddies and because the broker owed Robert?s friend a favor, the broker was glad to give him the first shot at this once-in-a-lifetime opportunity!
It is very difficult to identify probate sales without connections in the industry, however when they do come they can often be great ways at picking up rental property at under market value prices.
Are you interested in learning how I have built a multi-million dollar real estate empire by buying probate sale property?
Visit probate sale
Article Source:
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About the Author:
0){parent.location.href = self.document.location;}]]>
Home
? Real Estate
? Leasing Renting
Ads By Google?);for(i=0;i
?);}]]>]]>Jon Monroe
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Joined: November 20, 2009Was this article helpful?00 0) { var s0 = ?;s0 += ?Ads by Google
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ByJon Monroe
|
A discussion of the more unusual real estate investments must include probate sale or sales of properties in estates. Also, auctions are becoming a more popular way to dispose of real estate, particularly because of the continued expansion of the Internet. In this post we will focus on the discussion of estate sales.
Probate sales
Even more reliable than taxes, death creates opportunities for the purchase of good real estate at attractive prices. Every day someone in your area dies and leaves behind real estate that his heirs may not have any desire to retain. These properties are sold in probate sales by executors of the estate with the assistance of probate attorneys (or by the public administrator if the owner dies without a trust or will).
Know the laws and rules regarding probate sales in your area, because waiting periods and even court confirmation may be required before the sale is finalized. Also, these sales are often subject to overbids. A potential buyer can use the overbid process to appeal directly to the court (before the court issues the order approving the estate sale) to outbid you and purchase the property for more than the current offer under consideration. Generally, the right to overbid requires an offer that exceeds the existing offer by at least 5 percent. Be aware that this possibility exists, and be prepared to raise your bid. Just be careful not to get caught up in a bidding war and overpay for a property. Set a maximum price for yourself before you begin bidding.
Robert has a friend who bought a one-of-a-kind beachfront property in San Diego at significantly below market value from the estate of an elderly gentle- man who died and left the property to his son. Apparently, the son had no interest in living near the ocean because of the noise and traffic that accompanies beachfront properties. So, the son contacted a real estate broker. He was anxious to sell the property, including the house and two rental units, for not much more than the value of the land alone. The real estate broker and Robert?s friend were surfing buddies and because the broker owed Robert?s friend a favor, the broker was glad to give him the first shot at this once-in-a-lifetime opportunity!
It is very difficult to identify probate sales without connections in the industry, however when they do come they can often be great ways at picking up rental property at under market value prices.
Are you interested in learning how I have built a multi-million dollar real estate empire by buying probate sale property?
Visit probate sale
Article Source:http://EzineArticles.com/?expert=Jon_Monroe
Did you find this article helpful?00 Ads by Google
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?); return;}google_ad_client = ?pub-3754405753000444?;//EA-Real Estate Leasing Renting 160google_ad_channel = ?2012143359?;google_ad_output = ?js?;google_max_num_ads = ?7?;google_ad_type = ?text?;google_feedback = ?on?;google_hints = ?estate real property probate sales because broker before court?;google_ad_region = ?test?;// ?>]]>Get Involved0 commentsSuggest a topicArticle ToolsPrint this articleE-mail to a friendEzinePublisherReport this articleCite this articleStay InformedGet notified by email when new articles are added to this category or written by this author.
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Ads By Google?);for(i=0;i ?);}]]>]]>Ads by Google ?;s += ??; document.write(?+s+? ?);return;}google_ad_client = ?pub-3754405753000444?;//2008-03-18: EA- ROS google_ad_channel = ?1904239528?;google_ad_output = ?js?;google_ad_type = ?image?;google_image_size = ?300?250?;google_feedback = ?on?;google_hints = ?probate sale, probate sale,real estate broker,real estate, buying rental property?;google_ad_region = ?test?;// ?>]]> ? 2011 EzineArticles.com Click here to view rest of article from original site Tags: probate sale, real estate, real estate broker Linux s1.agrohost.com 2.6.18-164.11.1.el5.028stab068.5 #1 SMP Mon Mar 15 19:26:36 MSK 2010 x86_64Similar Articles
Recent Articles
Monroe, Jon?Probate Sale.?Probate Sale.4 Sep. 2011EzineArticles.com.17 Sep. 2011 http://ezinearticles.com/?Probate-?Sale&id=6539328>.
Monroe, J. (2011, September 4). Probate Sale. Retrieved September 17, 2011, from http://ezinearticles.com/?Probate-?Sale&id=6539328
Monroe, Jon ?Probate Sale.? Probate SaleEzineArticles.com. http://ezinearticles.com/?Probate-?Sale&id=6539328EzineArticles.com
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