Probate..What does it mean?
With a large portion of our population aging, many real estate experts see probate properties as one of the biggest and most quickly growing niches in the industry for sourcing investment properties.
What is probate? Investopedia defines it this way: A probate is the legal process in which a will is reviewed to determine whether it is valid and authentic. Probate also refers to the general administering of a deceased person’s will or the estate of a deceased person without a will.
For the real estate investor, probate properties unwanted by the heirs of the estate can be a good source of properties.
More and more people are passing down homes and estates. That’s only likely to increase over the next couple of decades. We’re seeing fewer younger heirs that want to live in an old home that may not even be close where they work and live now. They may not want to squeeze into their parent’s retirement condo, and many don’t want to take on investment properties. In other cases, surviving spouses may not be able to keep up with homes that need maintenance by themselves, and are better served by selling them and downsizing to something more suited to their personal needs.
Often a deceased person’s executor will run a notice in the local newspaper to give creditors and potential heirs a chance to come forward and stake a claim to any property. This is another way to quickly find probate leads. Find the executor’s contact info and you can pursue a potential lead when there is unwanted real estate.
At West Coast Property Group we can help you through your probate process. We can handle buying your property as-is and you have to do nothing to it at all. Leave the clutter, just call us and we will take care of everything.
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We help property owners in Eugene just like you, in all kinds of situations. From divorce, foreclosure, death of a family member, burdensome rental property, and all kinds of other situations. We buy houses in Eugene Oregon and surrounding areas and pay a fair cash price, fast. Sometimes, those who own property simply have lives that are too busy to take the time to do all of things that typically need to be done to prepare a house to sell on the market… if that describes you, just let us know about the property you’d like to be rid of and sell your Eugene property fast for cash.
If you simply don’t want to put up with the hassle of owning that house any longer, and if you don’t want to put up with the hassle and time-consuming expense of selling your property the traditional way, let us know about the property you’d like to be rid of and sell your house fast for cash. Talk to someone in our office before submitting your property information by calling us today at (541) 780-2424