Losing a spouse or close family member is the most stressful event of life. According to the Holmes-Rahe Stress Inventory, these stress-inducing events rank at the top of all stress-causing events with a score of 100 and 63, respectively.
Yet six out of ten adults in the US don’t have a will. In the event of an untimely death, families can face significant difficulties when it comes to inheritance. With the probate process, the heirs can claim inherited real estate assets. They will have to follow an established legal process while paying all debts and taxes before they can inherit the real estate. These inherited properties could be stuck in the probate process for years. That’s why it’s important to help out those individuals by understanding probate leads and offering a quick cash offer.
It’s not a surprise. Many inherited homes are in need of significant repairs. 30% of homesellers in the market are younger boomers, according to a 2023 NAR report. These sellers have owned their properties for 11 years before selling. Many younger and older baby boomers plan to stay in their homes for a median of 20 years. These figures can give you a hint into the condition of those properties once they are passed down to the next generation.
78% of senior homeowners own properties that will be transferred to their heirs eventually. Cerulli Associates estimates that $124 trillion in wealth will transfer between generations by 2048. And most of that wealth is tied up in real estate. It’s a sizeable market, and there are clients who need your expertise and help. By focusing on probate leads, you can advance your investment business while helping people at a crucial time.
Inheritance conflicts are among the most common causes of sibling estrangement. Multiple heirs will have different perspectives and conflicting goals. Some want to keep the house, while others want to sell the property. These conflicts can delay the decision while making the process more painful.
As a real estate investor, you can serve as a neutral third party. Your quick cash offer can resolve conflicts. The beneficiaries don’t have to worry about repairs, showings, or agent fees. They can quickly sell the house without paying any selling fees. Your cash offer allows everyone to move forward without the burden of personal conflicts.
Many leads found via motivatedsellers.com are probate properties. A house enters probate once a will is declared and an executor is appointed. Then a petition is filed with the local court. The rest of the process follows a structured legal procedure.
As a real estate investor, you must understand the timeline, as the probate can often take several months to complete. The timeline varies by state and case complexity. California probates, for instance, typically take 12–18 months, while in Texas, the process can sometimes be completed in as little as six months.
You can use a systematic research and relationship-building approach to identify probate opportunities. You can source probate leads from:
The probate space is competitive, but you can stand out and secure leads through personalized marketing and transparent communication. Urban areas typically see more investors pursuing probate opportunities, while rural areas might have less competition. Competition also depends on the complexity of the deal.
A property in probate can have more than one heir, and multiple decision makers along with court involvement can complicate the process. You need to understand the big picture while addressing all interested parties and not just the executor.
Request and review clear documentation regarding the property. Perform a “comparative market analysis” to figure out the current market value of the probate property in its current document. Buying a probate property can take time, especially when multiple heirs are involved. Be prepared to navigate and manage the group decision-making dynamics. Your team must prepare a contingency plan to handle potential disputes among heirs.
Most inherited homes are older and haven’t been maintained for years. Build this reality into your offer to help set realistic expectations for the process going forward.
The probate process is complicated and time-consuming across the country. It requires specialized knowledge, and merely understanding the local market is not enough. Many real estate agents choose specialized certifications to work with senior clients or people managing probate properties. As an investor, you can tap into these certifications to understand the unique challenges associated with this market segment. Available certifications include:
These certifications can further help you build a resource network of senior services. You might connect with senior move managers, estate liquidation companies, elder law attorneys, senior financial advisors, and assisted-living placement specialists.
At MotivatedSellers.com, we specialize in helping real estate investors like you find high-intent, exclusive leads, including probate leads. Our simple pay-per-lead model means no contracts, no wasted spend, and guaranteed leads.
You can secure your first probate lead now or schedule a quick call to see how we can help you scale your investment business.