Agent

Probate properties offer profit potential

Lack of market exposure key to finding bargains
Published on Jul 14, 2006

Are you a real estate agent looking for listings with little or no competition? Are you a home buyer searching for a below-market-price residence few other buyers know about? Can you keep a secret? If you answered "yes" to two out of those three key questions, keep reading. Purchase Bob Bruss reports online. I'm referring to the little-known "underground" real estate market of probate properties. Probate is the name given to the court procedure to distribute assets of a deceased person, whether that individual died with or without a written will. Although there are several key methods to avoid probate costs and delays, such as use of a revocable living trust or holding title as joint tenants with right of survivorship, each year approximately six million new U.S. probate cases are filed. Not all these estates involve real estate, but several million do. WHY CONSIDER PROBATE PROPERTIES? The obvious major reason is to acquire a property at a bargain below-market purchase price with littl...

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