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How to Offer |
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I am looking to buy a piece of land to build a home on. I have found a property that is being sold in "as is" condition. It was originally offered at $109,000 then reduced to $89,000 due to lack of interest. The property is owned by the real estate agent's brother. I have concerns about how to proceed in terms of making an offer since the agent's best interest will obviously be with her family and not to me. Also, I do know that the brother paid $30,000 for the property 15 years ago. The land had a mobile home on it that burnt down and the foundation was crushed and buried on the property. The property also has a number of dead trees that will need to be removed. With more recession ahead I would like to know how to proceed in making an offer so that I don't get taken advantage of. Thank you for your help. |
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It sounds as if you might want to hire a buyer's agent, to guide you through the negotiations. Make sure that any contract you sign stipulates that you will only go through with the purchase if the property is approved for a building lot. |
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Edith
Originally published on December 1, 2007 |
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