Home of an estate sale undervalued?

[Account Closed]

Hey BP,

I found a house on the market that was part of an estate. The deal seems too good to be true, but I did a tax property search and the owner passed away several years ago and his estate is selling the property. My general thought is that the heirs are looking to liquidate the assets and distribute the cash. The home is 3,500 sq ft with 5 bed/4bath in a neighborhood of <1000sq ft 2bed/1bath 3bed/1.5bath C class homes selling for under 100k.

How would this home be valued? The other homes in the surrounding neighborhoods with the same sq footage are approximately 100k more in value. How are estate sales normally handled?

Thank you!

[Herndon Davis]

Well that's a different story then. The children or familt were probably estranged from owner. If the property was abandoned then you most definitely have an advantage however there are other buyers thinking the same thing just like you?

 So what's your game plan?  If I were you I would try to find out who owns the property on paper. Just in case you get into a bidding war or dealing with a greedy realtor. The nuclear option is to cut them out the deal altogether.