We are looking at a couple properties listed as probate sales. We were told by our real estate agent that we should come up with 10% to purchase a probate. I pressed for what this meant but the agent was not clear. Question: "Do I NEED to come down with 10%?"
Answer: Yes and No. Yes, some institutions and situations do require a 10% deposit with the offer. On the other hand, there are some probate sales that don't, and will go with any amount as in a regular sale. I have been involved in both types. So how do you know if there is a 10% requirement? You ask the listing agent.
Hope this helps. Good luck.
Answer: Yes and No. Yes, some institutions and situations do require a 10% deposit with the offer. On the other hand, there are some probate sales that don't, and will go with any amount as in a regular sale. I have been involved in both types. So how do you know if there is a 10% requirement? You ask the listing agent.
Hope this helps. Good luck.
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