All
Members
Companies
Blog
Forums
Podcast
Webinars
    User Log in  /  Sign up
  • Forums
    Newest Posts Trending Discussions Followed Forums Real Estate News & Current Events General Landlording & Rental Properties Buying & Selling Real Estate Deal Analysis See All
  • Education

    Read

    BiggerPockets Blog BPInsights: Expert Analysis Guides Glossary Reviews Member Blogs

    Watch

    Webinars Video Library Financial Independence Blueprint Intro to Real Estate: Rentals

    Listen

    BiggerPockets Real Estate Podcast BiggerPockets Money Podcast BiggerPockets Business Podcast Real Estate Rookie Podcast Daily Podcast (Audio Blog)

    Topics

    Business Operations Finance Finding Deals Property Management Property Types Strategy
  • Network

    Recommended Vendors

    Real Estate Agents Mortgage Lenders Hard Money Lenders Insurance Contractors Investment Companies Build Your Team

    Search

    Members Events Jobs
  • Tools

    Calculators

    Rental Property Fix and Flip BRRRR Rehab Estimator
    Wholesaling Mortgage Payment 70% Rule Airbnb

    Services

    BPInsights: Property Insights Tenant Screening Property Management Lease Agreement Packages

    New Feature

    BPInsights (beta)

    Quickly analyze a property address or ZIP Code to compare your rent in your neighborhood.

    Analyze a property
  • Find Deals
    Real Estate Listings Find Foreclosures External Link Ads, Jobs, and Other
  • Bookstore

    Real Estate Books

    Profit Like The Pros Bidding to Buy See all books

    Featured Book

    BiggerPockets Wealth Magazine book cover
    BiggerPockets Wealth Magazine

    Written by financial journalists and data scientists, get 60+ pages of newsworthy content, expert-driven advice, and data-backed research written in a clear way to help you navigate your tough investment decisions in an ever-changing financial climate! Subscribe today and get the Oct/Nov issue delivered to your door!

    Get the Magazine
  • Pricing
Log In Sign up
User
Quick search links
Podcast Hard Money Lenders Books Washington
ForumsArrowReal Estate Deal Analysis and AdviceArrowContacting Home Owner before Sheriff Sale?
  • Newest Posts
    • Newest Posts
    • Unanswered Discussions
  • Trending
    • Top Discussions
    • Trending Discussions
  • Browse Forums
Search Nova
Create post

Contacting Home Owner before Sheriff Sale?

1 Reply

  • Share on Facebook
  • Share on Twitter
  • Share on LinkedIn
Rotate Log in or sign up to reply
user profile avatar
Check Rosette Top Subjects:
Maintenance and Flipping
  • Posts 73
  • Votes 25

Ryan Peach
Realtor from Saint Augustine, FL

posted over 3 years ago

A house I've had my eye on for a while has come up for sheriff sale. The sale isn't for a few weeks and I have found contact info for the homeowner. Should I connect the HO to see if he and I can make a deal prior to the sale or should I just wait it out?

If I should, then how should I approach the deal with him?

Rotate Log in or sign up to reply
user profile avatar
  • Posts 494
  • Votes 422

James C.
from Rockledge, Florida

replied over 3 years ago

Ryan,

Yep, contact the owner. Find out how much is owed, and see if the deal makes sense. You will have to close quickly, but you could take it ahead of the sale. If you don't get a killer price on it, go to the sale, and see what happens there. Set a limit and stick to it. 

There is more to this than I have laid out, but it's a general sketch of what I would do.

Good Luck,

Jim

Rotate Log in or sign up to reply
  • 1
Related Resources Real Estate Deal Analysis and Advice
The 2% Rule: Fact, Fiction, or Feasible? (Updated 2021)
Is That Neighborhood Up-and-Coming? Here’s How to Tell
Do Your Due Diligence Before Digging Up Dirt: Investing in Vacant Land 101
Best Deal Ever: How a Postcard Gets the Phone Ringing
Meet the Investors: I Sold My Wife on House Hacking With a PowerPoint (& Soon We’ll Live for Free!) Featuring Joaquín Camarasa
Resources Read, see, and learn more!
Link Real Estate Investment Calculators
Link BiggerPockets Blog
Link Path to Purchase
Link Mortgage Loans
Link Find a Contractor
Link Real Estate Agents
Link Hard Money Lenders
Link Real Estate Listings

Top Contributors

Joe Villeneuve
Joe Villeneuve
Plymouth, MI
9.29
Score
Justin Phillips
Justin Phillips
Phoenix, AZ
6.4
Score
Joe Splitrock
Joe Splitrock
Sioux Falls, SD
5.81
Score
Deryck C.
Deryck C.
San Francisco Bay Area
5.37
Score
Collin Lee Johnson
Collin Lee Johnson
Mankato Minnesota
4.45
Score

Real Estate Deal Analysis and Advice Trending Discussions

  • What to do: opportunity to buy a 400k home for 215
    7 Replies
  • How To Factor An Equity Pull-Out in Cashflow Calculation
    7 Replies
  • Which mortgage should I pay down first?
    42 Replies
  • Top of Budget Duplex
    1 Replies
  • New Investor, Closing on a Quad in 2 weeks
    0 Replies
Log in Sign up

Log in

Forgot password?

If you signed up for BiggerPockets via Facebook, you can log in with just one click!

Log in with Facebook

Or
btn_google_dark_normal_ios Created with Sketch. Continue with Google

Let's get started

We just need a few details to get you set up and ready to go!

Use your real name

Use at least 8 characters. Using a phrase of random words (like: paper Dog team blue) is secure and easy to remember.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.

Or
btn_google_dark_normal_ios Created with Sketch. Continue with Google

Why create an account?

Receive a free digital download of The Ultimate Beginner's Guide to Real Estate Investing.

Connect with 1,000,000+ real estate investors!

Find local real estate meetups and events in your area.

Start analyzing real estate properties, we do the math for you.

It's free!

Explore

  • Membership
  • Community
  • Education
  • Marketplace
  • Tools
  • FilePlace
  • REI Resources
  • Perks
  • Glossary
  • Reviews
  • iOS App
  • Android App

Company

  • About Us
  • Press
  • Advertising
  • Careers
  • Stats
  • Contact Us

Important

  • Editorial Guidelines
  • Terms of Use
  • Rules
  • Privacy
  • FAQ

Social

  • Facebook
  • Twitter
  • YouTube
  • Instagram
© 2004-2021 BiggerPockets, LLC. All Rights Reserved.