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!