There has been a home abandoned on my block now for 6 years. I knew the former owners and am not sure why they left. I have spoken to folks at surrogate court, my county administrator and an estates attorney. They all had something different to say. The home cleaned up is probably worth over 500K. Do I reach out to the owners? I can definitely reach out to them to see what the situation is. What to do???
Definitely reach out to the owners and just ask them what the plan is for the property. Directly tell them your interested. If the home had been vacant for 6 years it will definitely need some work, so keep that in mind.
You could structure a deal to flip it and split profits with the current owners.
Always, always ask...the worst thing they could say is no...and you move on...best case you get it and make some money.
I would calling/mailing/emailing them ASAP. Just ask them what their plans are and if they had any thought about selling it.