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What is a Probate Sale? Answering 4 Big Questions About This Tricky Transaction

HomeLight

You’re interested in buying a house, and someone told you about probate sales. But — if you’re being honest — you really have no idea what a probate sale is or how it works. What is a probate sale? How does a probate sale unfold? A probate sale can be complicated and take time.

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8 Red-hot Real Estate Niches That Can Double Your GCI in 2024

The Close

You’ll be the agent everyone turns to when you learn the ins and outs, pitfalls, tips, and financing secrets of successful real estate investors. Probate Sales When a homeowner dies, a property typically has to go through some type of probate court before it can be conveyed to a surviving family member or person named in a will.

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6 Ways to Find Probate Leads & Purchase Probate Properties

The Close

How to Buy Probate Properties Petition for Approval of Sale of Real Estate example (Source: State of Michigan ) Finding out how to get probate leads is the initial challenge to the probate process, but after obtaining the leads and coming to an agreement, you go through the purchasing process.