Try Probate Real Estate Instead Of Foreclosures
Trying to turn a profit working in foreclosures is not easy. It seems like
everybody and their brother is in the foreclosure business. In many areas, it is
hard to get a piece of that market, even if you are interested.
Foreclosures Are For Vultures, Probate Is For Heroes
When you work with foreclosures you are often dealing with people that do not
really want to sell to you. They are usually desperate, have to sell, and are
rarely happy about the situation. They are often losing the roof over their
heads and some people can get really nasty during the transaction. In probate,
it is very different as many people want to sell to you and the house in
question is often not the seller's primary residence. You are dealing with
people who are motivated to sell, not highly stressed people. It makes a huge
difference.
Many Heirs Are Happy To Sell To You
A friends' mother passed away in the mid-90s and he inherited a house about five
hours away. While talking to him one day on one of his numerous trips back and
forth to deal with the property, he said that if someone would offer him a
reasonable price for the house, he would gladly take it. He said it didn't even
have to be the best price he could get, just a reasonable deal that could be
completed quickly and easily.
When a loved one passes away, along with the property one inherits a very large project which most people don