Probate leads provide you opportunities to reach motivated home sellers that will or already have inherited properties. Once the heirs receive the property many decide to sell. It could be for many reasons. Some heirs live out of town and would rather sell than maintain the property. In situations when there is more than one heir many times the home will be sold with the proceeds being split by the heirs. Sometimes financial situations will motivate the heir to sell. In other cases the heir simply doesn’t want or need the property and would rather sell.
Probate real estate is an unsaturated market. Why? Because many realtors and investors simply aren’t aware of it. It is truly a buyers market and many of the heirs are motivated to sell for many reasons.
There is no better time to jump into the probate market than now. With the aging baby boomer population on the rise there are many opportunities awaiting. Discover this niche market and take advantage of the opportunity to locate probate properties that most of your competition are overlooking.
Being a landlord isn't for everyone. Especially for individual and mom and pop owners. And some decide to get out of the rental business. When they get bad tenants it always costs them money. Landlords have to deal with delinquent rent, damages to the property, criminal activity, major repairs and other headaches. And when evicting the tenant is necessary the landlord also deal with court and attorney fees as well.
If that’s not enough, landlords have also had to deal with the eviction moratorium. Some haven’t received a penny for rent in months or years. And this situation has created financial stress for many.
The bottom line is that many tired and burned out landlords are motivated sellers.
Smart real estate agents and investors have been using eviction leads for years to locate landlords that have had enough and want to sell. The good news for you is this isn’t a niche market used by many. And you will find that motivated home seller leads have hidden opportunities amongst them.
Pre-probate is a relatively new term in the industry. It basically means that a deceased title holder of the property has passed but the property hasn’t yet fully transferred to another party.
While a portion pre-probate leads reflect properties that will eventually go through the probate process many of the leads will also identify a hidden market of inheritance properties that will pass to the heirs without the need of the probate process.
A significant portion of pre-probate leads reflect inheritance properties in a market of their own. Why? Because these deceased owned properties will be transferred from living trusts and joint tenancy and will never go through the probate process. Inheritance property leads can provide a goldmine of opportunities for real estate agents and investors.
Pre-probate leads also provide you with the ability to reach motivated sellers before your competition knows they exist. While your competition is waiting on the normal probate process to identify inherited properties you will have the opportunity to pace yourself months or even years ahead of them.
Investors have targeted distressed properties for years. Why? Because many of these property owners are motivated to sell. When a home is in disrepair sometimes the owner will find it better to sell the property "as is". This creates opportunities for investors. We've found that roughly 30% of distressed properties that have been cited with code violations are absentee owner properties as well.
We locate distressed properties through code violation complaints. These motivated home seller leads identify properties that are in disrepair and distressed situations. Code violations are issued for open and vacant structures, homes with damage and in need of repair and in some cases unsafe structures. Other reasons for code violations are high weeds and grass, trash scattered all over the property, junk vehicles on the property and out buildings such as detached garages or sheds that are damaged.
Code violations offer tremendous opportunities to reach distressed property sellers. Not only are they faced with owning a home in disrepair but they now also have the local code enforcement authorities telling them to fix and remedy the situation or face fines and possible liens. This is a niche market that many agents and investors often overlook.