When a person dies without bequeathing his property, the state often takes over and can decide to put up the property for sale. Executors of wills can also decide to sell a property during probate to make it easier for them to dispose of the assets entrusted to them.
You can become probate home buyers by going through court records, obituaries, or other sources that can help you to spot properties that can go on sale because the estate of a recently deceased person needs to be disposed of. This often comes about when the heir to a property is less likely to use the bequeathed home.
In cases of probate home sales, buyers are required to deposit ten percent of their offer, for it to be considered by the estate or court representative entrusted with the sale of the probate home.
Leave a Reply
You must be logged in to post a comment.