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Updated over 9 years ago on . Most recent reply

User Stats

15
Posts
3
Votes
Ryan Farr
  • Little Rock, AR
3
Votes |
15
Posts

Purchasing a house from a non-profit

Ryan Farr
  • Little Rock, AR
Posted

Hello BP!

I just ran across a property when I was out driving for dollars and it isn't in the best shape of course.  I looked up the owner on the county site and a non-profit organization owns it and it is a housing development organization helping low income people become homeowners. I called there and asked if people call to purchase their houses and they do and I want to purchase one of their houses.  I was told that the board of the company actually brought up selling the house because it needs updated siding and I'm sure some other updates and the guy I spoke with acted like the board was pretty motivated to sell it because he said we can get it under contract and close it quick.  I need to call him back and get all the details of the house to see if it is actually a good deal.

If anyone else here on BP has purchased a property from a non-profit, I would love to get some feedback on how to get it under contract. Would I treat it as a FSBO?

Thanks!

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