At Sell ‘n STAY we are excited to introduce a new way to use our program . Up until now we have only encouraged Investor’s to participate in this program. If Purchasers are looking for vacant possession than this was not the program for you as we have always described or program as a “Turn-key investment opportunity”. In the real estate world we had developed a new term Residential Sale and Leaseback”.
Avoid Probate
We are happy to report that we are bringing peace of mind to the terminally ill and to their families. By doing so we a reinventing the probate process. Traditionally once the person died a Executor would be appointed and then the hard assets such as real estate would be refreshed, and marketed as an estate sale. Once a offer was received and accepted the negotiations didn’t end there. From there the estate lawyer has to petition the court to approve the sale. We all know this is not a quick process. In fact my son’s purchase took 18 months to close. However, what was worse was that it ended up costing 80,000 to get in the experts and then the probate fee and and then the legal fees and the real estate fees.
By using Sell ‘n Stay a few months before a loved one passes you avoid the whole probate process of getting the house ready for sale, marketing a estate sale, waiting until the will has probated before being able to close on the property. Incurring the probate fees. And jumping whatever hoops the government decides you should jump.