Probate Deal Process vs. Wholesale Deal Process

[Louis Van Der Westhuizen]

Hello BP

Here I go again! Can anyone provide a good overview of the differences in approach when dealing with a probate deal vs typical wholesale deal? Obviously you would be dealing with the court appointed 

probate attorneys whereas a typical wholesale deal you are marketing directly to the owner, but is the general approach still the same, i.e. get the lead, send a piece of direct marketing to the probate attorney, wait, send again, wait, etc. I imagine it takes a lot longer to close on a probate deal, anyway, a good step by step overview would be much appreciated.  Also, would you still have the same rights i.e. inspections, contingency period, title search for liens etc.

[Lydia R.]

@Louis Van Der Westhuizen Send your marketing to the executor of the estate. Depending on where they are in the probate process will determine how long it will take to actually get a deal done. As for having the same "rights" they are just as negotiable on a probate property as they are with any other property. Its up to the person selling to give you an inspection period, determine EMD etc.

if you wait until the property is listed with a realtor, you will likely be paying more than if you dealt directly with the seller.