Estate Deals Can Be Good For Investors - Here's Why!
If you’re in the business of rehabbing homes and selling them at a profit or retaining them as rental properties, you want access to as many purchase opportunities as possible. Estate sales are one avenue for real estate investors to explore because they often allow investors to purchase properties that need cosmetic improvements but not major structural work. Companies like EstateDepot.com provide estate sale services and can be a great source of estate home leads.
Estate sales will also likely be on the rise in the coming years due to our aging population. The three most common reasons for estate sales—debt, divorce, and death—all are unfortunate but constant especially in the years following COVID-19.
For some, an estate sale house is the ideal fix-and-flip property. Depending on the situation, you might also get a good deal for a long-term investment property.
A Steady Flow Of Deals
Many properties sold through estate sales are priced below market value, often because the beneficiaries are motivated to sell the property quickly and have little emotional attachment to it. Beneficiaries or owners must also continue to pay the expenses to maintain the property (e.g., taxes, utilities, insurance), providing additional motivation to sell fast.
As we continue to regain our footing from the impacts of the pandemic, sellers are eager to put their financial problems behind them. If forced to hold an estate sale to settle debts, the more quickly the deal closes, the sooner the seller can move on. For real estate investors, this can be exactly the type of seller motivation that leads to profitable deals.
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Estate Synergy Network and our brands like EstateDepot.com can help you gain a steady stream of Estate Sale Deals!
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