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Updated over 7 years ago on . Most recent reply

User Stats

30
Posts
4
Votes
Arthur J. Encinas
  • Imperial Valley, CA
4
Votes |
30
Posts

Death of a neighbor

Arthur J. Encinas
  • Imperial Valley, CA
Posted

Death of a neighbor,

My mother's close friend and neighbor died last night.  She was a wonderful person and lived alone but willed it to her children.

As a Financial Advisor and Real Estate agent I want to give guidance and help out and I don't want to seem insensitive asking her daughter what she intends to do with the property but I know it won't take long for other investors to swarm in.

I want to genuinely help her daughter. Her children live out of town and she left her children the property. I want to suggest to her since it's almost F&C, that she has options such as renting it out, selling it on the market or selling it to my parents. She owes $10k on property, $10k-$15k in repairs and ARV is about $220k-$230k.

How would you guys approach the situation?  If she decides to sell immediately and not list it what would be a good offer for them?

Thank you in advance.

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