Any consensus on purchasing (or trying to purchase) a house that is in probate (court required)? FTHB. Initially it seemed like it could be a good deal and fairly painless. However I then started reading what is actually involved in a court required probate sale and suddenly it didn't look so grand.
cons: The purchase is as-is. Home needs obvious repairs, so what is unknown. Obviously all deals have unknowns, but with the courts and potential of being outbid at the end seems like extra unknowns. Seems like more chances of deal to fall through. Can add to the already stressful home purchase.
Found this…is it fairly accurate? https://www.zillow.com/blog/how-does-a-court-confirmed-probate-sale-work-in-real-estate-70702/
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