In real estate, one of the investment opportunities that is often ignored, is probate investing. This is also one area that you can look into other than wholesaling, foreclosures and different variations. Motivated sellers are common in this area as the heirs will sell to pay for the property debt and will sell at once for a huge discount.

For those who wants to know what probate is, it is the method of handing over the rights of the estate of the departed person to his or her beneficiaries. If a will has been made before the person died, it will be easier for probate court to resolve on who gets the property. After the validation, comes tax and debt payments then it will be distributed to the heirs. So it is important that a will is present, if not, the procedure in claiming the estate will take longer.

The kins who inherit the property usually have their own homes already and they do not feel the need to have another one. They also fear the property may turn out to be an extra baggage, especially if there is a mortgage or upkeep involved. Maintaining a property other than theirs is pricey. They may not choose to list with an agent thinking that it will not sell even at a discount. Some investors may close it in a week and that can be a big relief to a mourning family.

Some of them may be living far from the inherited property, or they could be staying at another state and it is too much of a hassle if they have to be concerned about the extended property. Having to take care of it if they live from afar is too difficult for them to handle. In order to keep them from the trouble of holding on to it, this is where you walk in and proffer your assistance. So it is normal in these cases for them to simply get rid of the property and the inconvenience.

But before you think of ways in getting your hands on these properties, you also have to consider the family that you will be dealing with. It will not be simple to just go straight up to them and offer your assistance. They just lost their dear ones and that they have other things to think about like paying the proceeds from this estate, bills and unresolved debts. It may take a while before a family is willing to move on and sell the property, if that is truly what they want.

Many people shy away from probate investing because of the fact that you will have to deal with a grieving family. So you can try going to probate courts as well and sit in on the process and you may locate properties that you will be interested in. If no property is listed, you may acquire names in local obituaries and check the will as it is a public record. Then get in touch with the heirs to find out if they will be interested to sell the property.

With probate investing, you may find sellers who want to sell and not sellers who are forced to sell their property just like foreclosures. It is vital that you show your condolences, act professional and make certain that if they are ready to deal with the deceased estate, that they can keep you in mind if they decide to sell later.

Once you get started with probate investing, it should not be hard for you in keeping a steady flow of properties coming your way. Establish a good reputation in the market and you will have a nice business going in probate real estate.