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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. And with mortgage rates currently sitting around 8%, this puts homeownership on ice for many. The first step is to familiarize yourself with the probate process.
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.
Buying a newly constructed home may also provide tax advantages, such as a reduced property tax rate for the first year and the option to claim mortgage interest and property tax deductions. One reason is to keep their sales up and debts low in order to be able to attract lender financing so they can build more property.
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