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Updated over 9 years ago, 08/12/2015

User Stats

69
Posts
14
Votes
Brian Knox
  • Mauldin, SC
14
Votes |
69
Posts

How would you handle this Driving for Dollars possibility?

Brian Knox
  • Mauldin, SC
Posted

Hey crew! While I don't yet have a real estate attorney or a team or anything, I have a decent lead that I don't know how to handle.

I've been pursuing a Driving for Dollars property (near my house) for a while and today - from talking to the neighbor - was able to 

  • 1) find out the full story
  • 2) get the name and ph# of the owner (it's a son who would be selling the house for his elderly/dying mother who is in a nursing home)
  • 3) give them my business card and say that I was potentially interested in buying the house
  • 4) Find out that no one is planning to move into the home and that they intend to sell it when the elderly mother passes away. The home is already receiving citations for poor yard maintenance, etc.

Question: How should I handle the conversation and potential transaction when I end up talking to the son? 

Is the contract and everything something I can rely on a real estate lawyer to help me with?

I'm afraid I don't know what I don't know.

If they were willing to sell, what are the steps I need to follow? And could I still potentially use financing (instead of cash)?

I apologize if these are "rookie-status" questions!

Brian

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