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Updated about 4 hours ago,
First-Time Poster Seeking Advice: How to Approach Heir About Inherited Property
Hi BiggerPockets community,
excited to connect with like-minded individuals who are passionate about real estate investing. A little about me: i’m new to the real estate world and eager to learn everything I can to build a successful investing journey. I’ve been exploring buy and hold opportunities in my area, and I recently came across a situation I’d like some advice on.
I’ve come across a property in my area that I’m very interested in, but I want to make sure I approach the situation the right way. Here’s the context:
- The house appears vacant, with a large tree that has fallen on the property.
- From what I can see, the house seems full of furniture and might even be a hoarder home.
- I’ve skip-traced the property and found that the owner has unfortunately passed away.
- The house seems to be mortgage-free, and I’ve identified three phone numbers associated with the son, who I believe is the heir.
I’d like to reach out to the son to express my interest in purchasing the property, but I want to ensure I do so respectfully while also gathering the right information.
Here are my questions:
- What’s the best way to approach the heir while showing my condolences for their loss?
- How should I phrase my interest in the property to avoid coming across as pushy or insensitive?
- What questions should I ask to understand the property’s condition and the heir’s willingness to sell?
- What should I look for before making an offer on a property like this?
Any advice, tips, or scripts for making the initial contact and navigating this process would be greatly appreciated!
Thanks in advance for your help!