Buying a tear down next door

2 Replies

So we’ve got a tiny yard and we are in a cash position to possibly try to acquire our neighbors’ lot without needing a loan. The property Is in very very very bad shape. The 90 year old woman that lived there moved our recently, too old to care for herself. She’s got mental health issues. We are on mostly good terms with her but she gets very nasty. Has keyed our car, assualted our landscapers, and there used to be a meth lab upstairs. The neighborhood is mostly gentrified. This is like, the scary haunted house on the block 🤦‍♂️ The question is, we don’t know how to figure out what we should try to get for it, and we don’t quite know how best to approach. Any advice would be heartily welcome!

For the record, we’d be tearing it down and using it as a yard, parking an RV on it maybe or building on it down the road.

If that's considered 'good terms' then I'd hate to be her enemy. ;-)

Do you know if she wants to sell i? If so, do you know what she wants? Have you looked into pricing for demolition - it can be costly?

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