Well you would be forgiven for taking the bait of every recent press article that you read that tells you that because repossessions have skyrocketed, that this is the ONLY way to make serious money in this marketplace when buying property. However, as usual all this political merely serves to promote crowd hypnosis, where all and sundry follow blindly because that’s what the masses are doing. Gaur City 14th Avenue Ready to Move Flats Greater Noida West, Well I think it was Warren Buffet that said; “Investment success comes from a contrarian mindset, and contrarianism is to do the opposite of what others are doing, therefore to blindly follow the masses is a recipe for failure”
Probate Property Investing is definitely a contrariness approach to property investment, but the fact is NOTHING can beat the simplicity of Probate Property or the match the level of overall profit that can very often be achieved. Gaur City 14th Avenue Ready to Move Flats Greater Noida West, Firstly let me say that all property investment techniques have their place and clearly for those that have perfected the art of Repossessions, there is good money to be made. However, big profits in Repossessions, usually comes at a price one way or another… Something I do not really have the constitution for I am afraid. Here are some of the reasons you might want to consider becoming a Probate Property contrarian. Gaur City 14th Avenue Flats / Gaur Yamuna City Flats / Legacy by Gaurs Flats / Gaur Chrysalis Possession Yamuna Expressway.
With Probate Property, we are dealing direct with the Executor, or Personal Representative of the Estate, person to person… AND where there is a positive motivation to sell In contrast with Repossession, it will be with the bank, who’s only motivation will be money, Gaur City 14th Avenue Ready to Move Flats Greater Noida West, or worse still if we are dealing with the bank Pre-Repossession, then understandably the owners of that property could be extremely nasty to deal with
With Probate Property, once a price is agreed with the Executor or Personal Representative, then the rest of the transaction is like any other house purchase, in other words simple…And because of this simplicity, we can move much more quickly in getting the heirs to the estate their share of the Will – A BIG plus point Again, Gaur City 14th Avenue Ready to Move Flats Greater Noida West, with Repossessions, often lengthy and drawn out negotiations take place over months, rather than weeks and as an investor, if it is auctioned, then unless you are lucky, you are likely to pay more for the property, by the very nature of what auctions produce.
Many Probate homes have been cared for and looked after and merely need updating, therefore the cost and time to turn the property around for Letting or Sale is a lot quicker Repossessions on the other hand are often damaged, or trashed in the resulting emotional anger that Repossessions often bring.
Probate Property, produces motivated sellers and their reasons are many times not related to money Vs the coldness of banks, who of course are only interested in getting the highest price. Gaur City 14th Avenue Ready to Move Flats Greater Noida West, Probate Property is not about racing all the other investors to the deals and trying to beat them. Probate investing is a legitimate way to buying property significantly and consistently BELOW FMV with greater numbers of opportunities AND… ZERO competition… than any other method of buying Property. Why would you choose to pursue properties people do not want to vacate when you can focus your attention on properties that people actually want and must sell?
