How do you find inherited properties?

Question

Hey All,

I've heard that, at times and for various reasons, families are willing to sell inherited homes under market value. This feels like it may be a win win in some situations.

I've Googled how to find inherited properties but haven't gotten a clear answer from the buying standpoint. Plenty of ads or sites for selling but not so much buying.

How do y'all find inherited properties?

Thank You,

T

Kathy Henley · Answer

@Thomas Waski Family members who live out of the area and not interested in spiffing up the place, reveal themselves with poor photos and uninformative descriptions. Photos of untidy apartments, like the seller doesn't care. Or a description saying, 'new roof around 10 years ago,' because they can remember that a roof was installed but wasn't engaged in the details. I found one on craigslist and 2 on the MLS.

Monica Vigil · Answer

@Thomas Waski, you can buy a list of inherited properties in any zipcode and target them via mailings. We've purchased many lists from MelissaData. You can also use a service like Propstream to find those types of properties. These are juicy properties that have great potential for higher profit.

Thomas Waski · Answer

@Kathy Henley, thanks for the tips and tricks. I don't think I've looked on Craigslist at all so that's a great insight