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Considering buying a derelict house. Advise please!!
pappadruid
Posts: 86 Forumite
Hi all,
I have identified a empty house near me which has not been lived in for a number of years. I know the owner of the house and he is just using it as a dumping ground for all sorts of stuff and basically turning it into an eyesore. A friend and I are considering making him an offer on the house to basically take it off his hands and sort it out to possibly rent or sell on.
I am after advise about the best way to go about it. As I know the guy, is it best to approach him informally about it, or would it be better to take the official route by going through a solicitor and making a formal offer that way?
I know he has intentions of passing the house on to his daughters when he goes, but to be honest, I dont think they would want it in the state it is in!! I feel that if a sensible offer was made to him, then he would accept (possibly!)and he could then divvy the money between his daughters.
This is the first time we have considered doing something like this so all advice would be gratefully recieved!!
Many thanks!
I have identified a empty house near me which has not been lived in for a number of years. I know the owner of the house and he is just using it as a dumping ground for all sorts of stuff and basically turning it into an eyesore. A friend and I are considering making him an offer on the house to basically take it off his hands and sort it out to possibly rent or sell on.
I am after advise about the best way to go about it. As I know the guy, is it best to approach him informally about it, or would it be better to take the official route by going through a solicitor and making a formal offer that way?
I know he has intentions of passing the house on to his daughters when he goes, but to be honest, I dont think they would want it in the state it is in!! I feel that if a sensible offer was made to him, then he would accept (possibly!)and he could then divvy the money between his daughters.
This is the first time we have considered doing something like this so all advice would be gratefully recieved!!
Many thanks!
0
Comments
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From experience, you don't have a chance, the relatives will see to that.0
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You can just speak to him and make an informal offer. Tend to agree with the good Captain, though.No reliance should be placed on the above! Absolutely none, do you hear?0
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I agree with the c'apn..you could try approaching him informally and kind of planting the idea in his head, but in my experience, people who are 'hoarding' a house to leave to the rellies when they pop their clogs never consider selling to strangers.
We've tried it twice over the years, and one property was left to literally fall to the ground by the owner. He preferred to do that rather than let strangers buy it up, do it up etc. Ask anyway just to stop you wondering...0 -
But remember that if you buy it, it will be worth 3% less than you pay for it a month after you buy it.
And another 3% less a month after that.
And another 3% less a month after that.
And another 3% less a month after that.
And another 3% less a month after that.
And another 3% less a month after that.
And another 3% less a month after that.
And another 3% less a month after that.
And another 3% less a month after that.
And another 3% less a month after that.
And another 3% less a month after that.
And another 3% less a month after that.
And another 3% less a month after that.
I'de continue about another 23 times but I'm bored now.Bankruptcy isn't the worst that can happen to you. The worst that can happen is your forced to live the rest of your life in abject poverty trying to repay the debts.0
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