So I'm new to the game (meaning I haven't done my first deal yet) and I'm looking to rehab/wholesale deals in the Provo, Utah market. I come from a sales background so I'm used to trying to get complete strangers to do business with me. However, I would like your opinions on the best way to approach this deal.
In other words, these are my main questions about the following deal:
- What information should I gather before making the first call to the owners of the home?
- Have you got any advice on the best way to approach the potential sellers?
- Are there any pitfalls I should watch out for in this particular deal?
THE DEAL (this is where the SWAT team comes in):
So the house I'm looking at is a single-story, single-family home in a B/B+ neigborhood with 4 bedrooms, 2 bathrooms, and 1700 square feet. It was owned by a family I knew who sold the home to a woman in her 50s. The woman died of cancer 3 weeks after moving in (this was a few months ago). Ever since her death it hasn't looked like anyone is taking care of the home. The grass is overgrown with a ton of weeds in a fairly clean-cut neighborhood.
The property really caught my attention a couple days ago when about 15 police cars and a bunch of dudes with assault rifles showed up and raided the home. I'm guessing that if the property wasn't distressed before, it is now.
I haven't got much info on who currently owns the home. I did a reverse address lookup on whitepages.com and found what I assume are the deceased owner's kids. The Zillow Zestimate for the home is $325,000.
So, like I said above, I'm hoping to get some advice on what info I need to gather before cold-calling the possible owners, as well as any pitfalls I should watch out for.
@Matthieu Miser would ever came from this, anything you can share?
I'm in the same predicament not sure how to proceed with making an offer?
Thank you in advance.
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