HelloI have been reading about some real estate courses where they say that probate real estaet investing work sbecause the heirs are motivated to sell to pay of any property debts and will sell quickly for huge discount.My question is why don't they just list it with an agent?If it's such a discount someone will buy it?Thanksaston
You have great questions, too many for the courses' you are talking about. Of course, heirs list their homes with Realtors like anyone else and expect to get top dollar- no one gives their houses away. The course sponsors make their money selling you the course, if their plan was so great, why would they be telling you when they could be doing it full time and making boatloads more money than selling courses!
While an executor or personal representative for an estate may need to sell an estate's assets, such as real estate to pay off the estate's debt, most already know an agent or 2. To target these as potential home sellers is pretty much the equivilent of ambulance chasing. And as BrokerPro said, if it's so profitable these homes are offered at such a discount, why isn't the guy snatching up these homes instead of selling you his course and giving away his secrets. Plus most people that are appointed as an executor are not stupid actually, part of the probate estate process requires that all the estates assets be valued. For real estate, this needs to be in writing, such as a CMA from a real estate agent. The entire estate must be valued assets may have to be sold, or may not have to be sold. My mother died with 1.5+ mill in real estate. We sold one commercial building then a recreational lot, but are holding the other 3 properties as they are owned free clear. Doesn't cost us but taxes, insurance and utilities. No mortgages.
