approaching neighbor about off market sale

[Account Closed]

Hi.  I learned that a neighbor is interested in selling her property.  With zero negotiating experience, can anyone provide pointers on how to approach her?  (I don't know her myself, and I do plan to speak to her in person.)   My biggest hang up is that I have no idea what the valuation would be to eventually start a conversation about selling price.  The property doesn't even show up on Zillow, so I don't even know the bedroom count etc.  Her sister lives with her and plans to move out of state, so she is interested in selling apparently.  

Any advice is appreciated!

[Liz Daigle]

Tina,

I would just start the dialogue, whether you call or knock on their door. I would get them to start talking first - what are they looking to sell the home for, how motivated are they to sell, where are they going? They may be really excited to sell to a neighbor and if there are no real estate agents you could save them money. If the home doesn't have any information on Zillow, such as the zestimate, look at what other homes have sold in the neighborhood. If you still have a hard time pricing it, ask a real estate agent. Depending on your state's laws, the agent might be able to represent both sides (still saving the seller money). Let me know if you need more help and good luck!!!