Wanting to buy my neighbors house that's not on sale. Possible?

Question

Hey guys and girls. I want to buy my neighbors house. It would be my first house. The thing is, he's living alone in a single family home, 77. The estimate is around 250k, but I can't offer that. He bought the place for 130k years ago. I can offer cash of that possibly with help from family. How can I go about doing this if possible?

I'd rather not have the house go to the bank or anything. I read about writing an offer but don't know what to say. Any help would be appreciated. I would like to later on turn it into a rental but would be living there myself for a bit (if I got it).

First time on my own doing this. My relatives have some rentals but some family you just don't ask, you know haha.

Wayne Brooks · Answer

@Sonny Bagga Yeah, I’m guessing when you’d want to sell this house you’d want that BS market price though, right?  If he had Apple stock worth $250k you think he’d sell it to you for $130k?

Right now you’re tossing around delusions, you don’t even know if he owes anything to the bank, or how much, if he’s behind, if he has heirs, etc.

If you want to do something, just talk to him, see if he’s interested in selling, go from there.

Sonny Bagga · Answer

@Jim K.

😂🤣🤣🤣😂😂😂🤣😂😂🤣😂🤣

Cash is better than a loan any day. Even if I could do $150-160k cash.

Seems like you've done this before? Hmm

Jim K. · Answer

@Sonny Bagga

Old people are near death, and generally are vulnerable to all kinds of superstition.

Here's what you do. Get a burner cell phone. Find out the name of his dead wife from public records, family, whatever. Call him. Speak very  slowly in a very high-pitched voice, far away from the phone.. Tell him you're his wife, and you're coming for him. That's all you say. Whatever he says back, wait five seconds and hang up. Destroy the burner. Get another burner.

Next day, same thing, only you speak a little closer into the phone. Tell him you're coming for him. You'll be there in a couple days. Destroy phone. Get new burner phone.

Next day, speak right into the phone, Say the same thing. And then, in a low, deep, snarling voice, add: "And I'M coming too! To (address)."

Day after that you bang on his front door in the middle of the night when he's home, run away.

Next night, you do it twice.

Next day, buy a wig and a skirt that kind of fits you. Put it on in the middle of the night and go there. Bang on the door VERY LOUDLY. Step back about thirty feet, among those trees you're talking about. When he gets to the door, wave so he can kind of see you, and then walk away quickly.

That's when you renew the offer to family to buy for $130K.

What's the worst that could happen?

Sonny Bagga · Answer

@Kris L.

His garage is busted, driveways bad, windows seem like they need repair. It's literally blocked with big trees to the house. Inside wise, I looked online and it doesn't seem that bad.

Sonny Bagga · Answer

@Wayne Brooks

Not really. I plan on living there. I just want to know if it is possible.

Kris L. · Answer

Is the place in need of a lot of renovation or something that drives price down?

Sonny Bagga · Answer

@Wayne Brooks

That's all I want to do, just their myself out there and I want to live there too... Maybe down the road I might do this rental dream but I just want to learn and put myself out there to see what's possible.

Jason D. · Answer

@Sonny Bagga why would the house go to a bank if he dies? It would be part of his estate.

It doesn't matter what he paid for it. One of the reasons you buy real estate is that, over time, it's worth more than you paid.

It doesnt sound like he's a motivated seller but if you go talk to him you may find the answers you're looking for

Good luck!

Caleb Heimsoth · Answer

@Sonny Bagga he’s old not an idiot.  I give this .001 percent of working lol.

Sonny Bagga · Answer

I know it all sounds bad lol.  He's alone, and rarely is at the house. I would be paying cash. I know it's low, but looking at the price he bought it for I could go a little higher. This sounds horrible but let's, say he dies, then the house goes to the bank or whatever. I just want to propose an offer for down the road if he considers.

Market values are bs prices anyways as I see it.

He could live in a retirement home? Horrible, yes. But you forget there are people that do this on a bigger scale... Like going to hospitals and offering to "help", etc.

Wanting to buy my neighbors house that's not on sale. Possible?

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