Part 7/10:
Know What's Owed: Always find out the amount owed on the property before bidding. Usually, bids start around the owed amount, but there's potential for negotiating or securing a deal if the property is in poor condition.
Visit the Property: Don't shy away from inspecting homes physically to understand the repair costs involved.
Be Prepared for As-Is Sales: Probate properties are often sold "as-is," meaning buyers accept the property in its current condition without inspections or contingencies.
Understand the Probate Process: It typically involves court approval, and the property must go before a judge before ownership transfers.