AV Surveyors and Valuers

Setting the Standard.

0844 7000 121

Articles.

Regular articles on industry changes by our team.

The Pros and Cons of Probate investment

Thursday, February 19, 2015

The pros of buying probate properties

With the cost of maintenance, tax and other costs the executor may wish to sell the property as quickly as possible; if this is the case, then it may be possible to get the property at a good price as a result.

The prospect of lengthy court proceedings means that investors tend to avoid probate properties. This means there is less demand for them as a whole, and true to the notion of supply and demand, it then makes the properties more affordable.

The cons of buying probate properties

A property is unlikely to go through probate court too quickly; however, it is possible to speed up the process by offering to pay for the house in cash. However, due to the complicated processes involved in probate law, it can still take some time, even with such an offer on the table.

The sale of the house could be further complicated by the possibility of debt being attached, fortunately though two thirds of houses in probate court are not affected by such a problem.

Slow sales can also be a source of real frustration , especially during the winter months when the potential for repairs increases.

Although there are definite cons of buying a property under probate, they’re far outweighed by the pros. With less demand for such properties, the financial benefits make probate properties an ideal investment. 

 

AV Surveyors and Valuers can assist with any probate valuation with understanding and professionalism. If you need assistance in this area please give us a call

Corporate Clients

For nationwide coverage, total compliance, a quick turnaround and an end-to-end service with one point of contact call us now.

More

Private Clients

For local market knowledge, a quick turnaround and a great value service with the personal touch call us now

More