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Updated over 10 years ago,
Buying probate property - How to execute?
Hello All,
I am trying to understand more about acquiring property in probate. What are the pros and cons of going after probate listed properties? Let say a property already gone thru probate process and listed on MLS to be sold AS-IS.
Here are some questions:
1) Do I need a lawyer? Or broker should be enough?
2) What type of verifications do I need from Seller side?
3) Agent not familiar with handling probate property. Should I even proceed to acquire this property with this agent who is representing me?
4) How long typically till closing? If possible, what are the steps to close the deal?
5) Should I watch out for any unforeseeable outcome?
thank you very much!