Death of a neighbor
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.