Buying Grandmother's Home for Way Less. Problems?

[Colbie Corrales]

Hello everyone. Newb in real estate here. My grandmother would like me to buy her condo in Kailua Kona for only $80,000 so she can get out of debt but still live in the condo. The condo (fee simple) is probably worth around $250,000 to $300,000. She also fully owns the condo. No mortgage. My question is can I buy the condo for a fraction of the price without having some kind of problem?

Any help would be much appreciated. Mahalo!