First-Time Poster Seeking Advice: How to Approach Heir About Inherited Property

First-Time Poster Seeking Advice: How to Approach Heir About Inherited Property

New to Real Estate · Omaha NE · Member since 2017 · 3 posts · 1 vote

Hi BiggerPockets community,

excited to connect with like-minded individuals who are passionate about real estate investing. A little about me: i’m new to the real estate world and eager to learn everything I can to build a successful investing journey. I’ve been exploring buy and hold opportunities in my area, and I recently came across a situation I’d like some advice on.

I’ve come across a property in my area that I’m very interested in, but I want to make sure I approach the situation the right way. Here’s the context:

  • The house appears vacant, with a large tree that has fallen on the property.
  • From what I can see, the house seems full of furniture and might even be a hoarder home.
  • I’ve skip-traced the property and found that the owner has unfortunately passed away.
  • The house seems to be mortgage-free, and I’ve identified three phone numbers associated with the son, who I believe is the heir.

I’d like to reach out to the son to express my interest in purchasing the property, but I want to ensure I do so respectfully while also gathering the right information.

Here are my questions:

  1. What’s the best way to approach the heir while showing my condolences for their loss?
  2. How should I phrase my interest in the property to avoid coming across as pushy or insensitive?
  3. What questions should I ask to understand the property’s condition and the heir’s willingness to sell?
  4. What should I look for before making an offer on a property like this?

Any advice, tips, or scripts for making the initial contact and navigating this process would be greatly appreciated!

Thanks in advance for your help!

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  • Realtor · Scranton / Pocono Mountains, PA · Member since 2020 · 99 posts · 33 votes
    1y

    I think it speaks volumes regarding your care to the situation the heir is involved in. I have contacted family members in the past with literal hand written letters. Usually its a safer bet. Drive for dollars. Take some pictures of the house and the condition it is in. Mail it to him with the handwritten letter. If you have the right address follow up in a few weeks with a phone call. Talk to the neighbors. If you approached them in a way that you had a solution to the eyesore in their neighborhood they would be very receptive to talk and perhaps share contact details about the home owners son if they have them. Good luck and keep that mentality of respect towards others situations. 👏 

  • Bruce WoodruffPro Member
    Contractor/Investor/Consultant · San Diego / Phoenix · Member since 2021 · 12k+ posts · 15k+ votes
    1y

    Like @Vince Scipione said, good for you for being a decent person! I'd approach carefully, with respect and dignity. Offer to be the guy that restores the old family property to it's former glory and all....

    Still it'll be hard to not look greedy because you do want to make money after all.....main thing to me is being super PATIENT. Go find another property and just check in with this guy once every month or so....you might be surprised one day :-)

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