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Real Estate Deal Analysis & Advice

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Nick Hughes
  • Overland Park, KS
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Property scheduled for demolition

Nick Hughes
  • Overland Park, KS
Posted Mar 15 2015, 11:26

Hello BP community,

I've come across a property that I'm looking to wholesale. I spoke with the seller last night and she is going to show me the home tomorrow morning. According to the seller the property suffered fire damage to the kitchen and dining room. There is most likely water damage to a good portion of the home. She sounds very motivated to sell and her initial asking price is 20% of what I've determined the ARV to be after running comps for the area. I'm confident that I can get it for less.

After looking up county records though, I see the property is considered a public nuisance and dangerous property. The county has ordered it to be demolished (unsure of when this is to take place).

If I still like the deal after seeing the property, how would I go about dealing with the county to get the property unslated for demolition? Is this process more trouble than it's worth?

Any input would be much appreciated.

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