How to Farm For Future Business? Investors and Real Estate Agents who want to work Probate Real Estate here is a tip for you. As you track the years probates keep a data base and at years end check your tax rolls for all the probates which went to final distribution and completed the process. Check who owns the subject probate property today. These properties which did not sell during the average 7 month long probate process will now be transferred to the rightful heir or heirs and will usually be free and clear. Think about this for a moment.
The heirs and especially the executor have all been through a long process. Many tasks where needed to be done and 50% to 60% of theseprobates don’t sell during the process. In my tracking area of Alameda and Contra Costa County we average about 100 probate properties in process per month or 1200 per year. At the end of the year we will have about 600 free and clear probate properties now out of the probate process.
These 600 becomes our farm for the next year and we work these home owners as now they are in prime position to want to access the money and sell. This is a wealth of business you are most likely not working as less than 5% of investors and agents really work Probate Real Estate the way it should be. We are looking at 24 probate sides this year. We will buy and flip some, sell some to investors who want to hold but at wholesale prices, and also sell to end user move in buyers who are happy to purchase 5-10% under market. Think about this opportunity for a money.
No comments:
Post a Comment