Multi-Family and Apartment Investing
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal


Real Estate Classifieds
Reviews & Feedback
Updated almost 9 years ago on . Most recent reply

Purchasing from an Estate Sale
Have been scouring around for quite a while to find a good deal out in California, and I recently came upon a small apartment complex that is being sold in an estate sale. As of a few minutes ago made my official offer. All my numbers check out, so keeping my fingers crossed.
Anyways, Is there anything special that I need to know about when buying from an estate sale? Or is the process the same as buying any other property?
Pros and Cons of purchasing a multifamily property?
Not going to lie, I was nervous making the offer, because this is a big step up from SFR in my opinion.
Most Popular Reply

- Lender
- Greater LA/Orange County area, CA
- 3,548
- Votes |
- 3,866
- Posts
Kind of a naive question for a multi unit buyer.
You would do well to request a copy of probate "Letters" to review for powers.
If full powers, a (15) calendar day notice of sale is sufficient, unless an objection by claimants, creditors or heirs.
If limited or special powers, court confirmation is required and may be subject to overbid. In short, a longer process ensues with more competitive risk.
I'm assuming your property is in CA. All probate laws are state specific.