The Safe Investor - Issue 1 2020

10 11
The Benefits of Probate Property
The number one benefit of probate property
is the cost. Because there’s such urgency on
making a sale, you’ll typically find these homes
priced at somewhere around 30-to-50% under
their typical market value. Because of this, an
investment in probate property can help make
you money.
In many cases, after purchasing a probate
home, you can go straight ahead and sell it to
someone else, making a decent amount of cash
in the process, otherwise known as “flipping”.
While probate properties may be hard-to-find,
they’re more plentiful than you think.
HOW TO FIND PROBATE PROPERTY
YOURSELF
You’ll pretty much never know whether a house
is probate property when looking through
real estate listings so you’ll have to do a bit
more digging. There are multiple ways to find
probate property, including the following:
• You can look through the obituaries in your
local newspaper.
• You can visit a deceased person’s area and
look through court records to determine if
they owned any property.
• You can look for an office that deals with
testaments and wills. Wills are public
documents and easily accessible.
• You can also buy information from private
companies regarding available probate
property.
The easiest way to source the best deals is to
visit the UK¡s first dedicated probate property
portal Properties Direct, where you can find the
best bargains in the country
ABOUT PROPERTIES DIRECT
Properties Direct offers the most extensive listings of property held in probate in the
UK. Due to the highly sought-after information available on the portal, it is subscriptionbased.
In order to qualify as a member of Properties Direct, you will have to complete an
extensive questionnaire concerning your financial circumstances. There are reasons for
this, which are mainly to provide all members with the following benefits:
UNDER-THE-COUNTER SALES: Featured probate properties are not listed on the
open market, ensuring you the very best and most exclusive deals anywhere in the UK!
MASSIVE DISCOUNTS ON BRITISH HOMES: The longer an estate is in
probate, the more it costs beneficiaries. That means you are ensured a quick and easy
transaction at a bargain price when you buy via the portal.
NO BIDDING WARS, NO GAZUMPING: Every probate property listed on the
portal is priced by estate administrators and offered on a first come, first served basis.
UP TO 90% MORTGAGE FINANCE: If you don’t want to tie-up your capital and
can satisfy the lender’s criteria, you will automatically pre-qualify for up to 95% mortgage
finance when you become a member of Properties Direct.
NO TIMEWASTING: Members will be required to satisfy a credit check on
application. This is to ensure everyone has adequate buying-power to make quick,
straightforward purchases.
BE A FAST-TRACK PROPERTY INVESTOR: Perhaps you don’t have the capital
but earn a significant income? Qualifying to become a member also gives you access to
funding that can help grow your portfolio faster.