Estate Sales Philadelphia? What are estate sales? I am not an expert on the subject, but I can point you in the right direction. An estate is all the possessions and money owned by a person. The estate sale occurs when the person who owns the ‘estate’ passes away. The sale is a liquidation of physical properties into cash or other legal tender. The estate sale is how the possessions of the deceased relative or owner of the estate are sold off. Things for sale in estate sales could include, cars, furniture, antiques, and other home furnishings. We are interested in the home that ‘housed’ the items more because we are real estate investors.
Estate sales are excellent opportunities for real estate investors. The fact that “everything” is for sale (most times) is part of the draw. Estate sales are a great opportunity to purchase excellent investment properties. Because there is little to no emotional attachment to the properties, sellers are usually more willing to sell. These properties usually need some “tlc” or a lot of it. The more neglected the property the more profitable the deal can be. The prices of the estate properties are usually low enough to make it worth investing in.
Investors should pursue estate sales, but finding them can be time consuming. You can find Esate Sales on Craigslist. You will have to sift through the ads based on your geographic location. Additionally you will have to drill down in the ad descriptions to make sure you are not wasting your time. They may be less common in certain areas than others. It is also important that you do not come off as being a “poacher”. While most who inherit the estates have little emotional attachment to the properties, others will. Just be mindful and make sure that the seller is truly motivated.