Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 11 years ago on . Most recent reply

User Stats

309
Posts
100
Votes
Sandy Uhlmann
  • Investor
  • Jefferson City, MO
100
Votes |
309
Posts

Sending a check and a contract to a potential seller

Sandy Uhlmann
  • Investor
  • Jefferson City, MO
Posted

I have been keeping an eye on a property that has been uninhabited for at least 5 years. It was completely gutted at t that time and since then no further work has been done on the property. Although the out of town owner hires someone to maintain gut the grass, the structure is becoming an eyesore as kids break windows, vines grow up the walls of the home, ext....The owner has hired a third party payment service to pay for the grass to be mowed, deal with the city code dept. ect...I have attempted to send letters to the owner via the third party payment company expressing my interest in purchasing the property and have spoke to the representative at the payment company who tells me that the owner does not want to call me at this time. I can't for the life of me figure out why someone would continue to pay for the upkeep of property that they haven't even done anything with for years.

My thoughts are that this owner is just too busy to mess with this house and doesn't even want to go through the hassle of trying to negotiate with me and sell it. I am wondering if I could just send him a contract, an offer and a check and see if by chance he takes it. (Jay DeCima does this frequently according to his books) My question is is this safe? Can someone just cash the check without signing the purchase contract at which point I would just be out all that cash? Please advise.

Loading replies...