Purchasing from an Estate Sale

[Ryan Fisher]

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.

[Rick H.]

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.