Why Selling a Probate Property AS-IS is Usually the Best Approach
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Why Selling a Probate Property AS-IS is Usually the Best Approach
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In this presentation, Jeremy Kritt, a licensed real estate broker in Texas and certified probate expert, discusses the advantages of selling probate properties as-is. He highlights the challenges faced by executors, the financial implications of repairs, and the benefits of a quick sale without the burden of renovations. Kritt emphasizes that selling as-is can be more profitable and efficient, allowing for a smoother transition.
Takeaways
- Selling a probate property as is is usually the best approach.
- Executors face challenges managing repairs and renovations.
- Selling as is minimizes stress and costs for the estate.
- Repairs often do not guarantee a higher sale price.
- 85% of buyers prefer to customize improvements themselves.
- Time is money in probate; delays can be costly.
- Selling as is allows for immediate action without repairs.
- Insurance and liability risks increase with vacant properties.
- Communication with a real estate expert can provide valuable insights.
- A competitive bidding process can maximize sale price.
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