If you have patience Probate real estate can be appealing as an investment strategy, but for that you may have to wait for several months to close because the property may sell below its true value depending on how it is marketed. If don’t have experience in buying a probate property before, it’s a good idea to work with an experienced agent as it can be quite different from purchasing a seller-owned property. It may require certain laws of the state, considerably high deposits and you may have to get courts permission as well, but all these efforts can prove to be worthy.