Potential Screaming Deal... Not sure how to proceed.

[Jay Krietzman]

So I'm new to REI. I have a relative who I overheard talking about a prior employees mother whose house was filled to the rafters with junk and the didn't live there anymore. I drove by the house and there is trash on the front porch and when I looked in the back yard trash and junk in the back yard as well. However.... house is probably got about $200,000 to $250,000 equity in it if it is in good condition so I could possibly get a great deal. I utilized list source, zillow, trulia, amortization-calc. and other methods to determine this. Its right next to a few schools, a park, and crime is low in the area. I asked if he had her phone number and he does and I'm trying to make sure my ducks are in a row before calling.

Benefits I planned to market(Let me know if there is more or if these are wrong):

• Close on whatever date is best for her
• I can worry about the repairs and hauling the trash
• No Agent commission on closing

Here is what I don't know:

• How to propose an offer
• If she bites on the offer what to do next
• Well pretty much everything else as far as actually acquiring the property. 

I'm sure there a lot more things as well I don't know but this is what is my current road block to calling this owner. 

Any help would be much appreciated!!!!Thanks!

[Jay Hinrichs]

My plane is hangered at aurora so I am there often.. happy to run by and take a look for you.

you don't need an attorney you can use a title co.

@Andrew Syrios  I have never bought a Oregon Hoarder house that did not need extensive remodel or torn down

I bought 5 of them last year and had to bull doze each and every one of them. 

Also the state is nutso on asbesto's and lead paint removal.. these are little gotchas if you have major work to do.

@Brian Garrett  I did not think your advice was off base.. not sure what that back and forth was about.. 

although Hoarder houses in Oregon are a special breed..