Buying an Estate Sale experience

marys1000February 1, 2010

Are there any details to this? There is one that was just posted 3 days ago, I saw it online tonight. I emailed a realtor he wondered about "how far along in the 30 days" the were not sure what he was talking about.

Its more than I want to pay because its more acreage and a bigger house I than I want but small house/small acreage is hard to find (because its so hard to sell small houses:(

The taxes are pretty high too considering its not in the best school district, a negative for resale (taxes and school district). Some acreages sit forever if something seems wrong but others are snapped up amazingly fast - which means a decision is really really scary because what if its one that should sit but I miss something?

Way ahead of myself here, not sure I'll even like it - but any experience specific to estate sales I would appreciate hearing.

Loc: Southern Ohio

Thank you for reporting this comment. Undo

Taxes are high, it's in the wrong school district and the house is too big. You want to buy it ... because? Why is it hard to sell smaller homes - they usually go first.

    Bookmark   February 1, 2010 at 11:12PM
Thank you for reporting this comment. Undo

Estate sales can be set up anyway the executor wants to set it up. In our area, sometimes sealed bids are accepted by the attorney with minimums bids. Sometimes they are given over for public auction. Sometimes they move through a realtor if the executor doesn't want to mess with it.

If you can find out the attorney who is handling the estate (it should be public record when an estate is filed) you might be better off going right to the horses' mouth and let the attorney or owner know you are interested. A lot will depend on how quickly and easily the executor wants it moved. They can be good buys if the family wants to settle an estate in a prompt manner.

    Bookmark   February 2, 2010 at 1:18AM
Thank you for reporting this comment. Undo

Well all for moot. The listing agent had a basementon the listing but it was a slab. He had the heat elements wrong too.
Property was nice enough.

I was being tongue in cheek about smaller places - yes they are snapped up fast. But try to build a smaller place "it will never sell" Buying a smaller place? "you wont be able to sell it"

    Bookmark   February 2, 2010 at 5:06PM
Sign Up to comment
More Discussions
New front door--ok to put lockbox on back door?
We have a new (quite expensive) front door and screen...
Pond Dye Dumped Into My Pond and Stream... Water Rights Question
I never posted once in seven years, and now I post...
Real Estate Agent Fees
My nephew is selling his condo, the agent that is selling...
1031 Reverse question
We already purchased an investment property and are...
Patience Spina
Off market for 6 days, why? ncrealestateguy?
Hello, long time lurker, first time poster. I hope...
Sponsored Products
ELK Lighting Blackwell 4230 Outdoor Sconce - Graphite - 42300/1
$178.00 | Hayneedle
ELK Lighting Collage 31147/3 Pendant - Satin Nickel - 10W in. - 31147/3
$546.00 | Hayneedle
Stencil Dining Side Chair in White
$129.00 | LexMod
Oatmeal stone washed linen napkins set/4
Origin Crafts
ELK Lighting Blackwell 42305/1 Outdoor Sconce - Graphite - 6W in. - 42305/1
$158.00 | Hayneedle
Kristal Concealed 2 Outlet Triple Thermostatic Shower Valve (Oval)
Hudson Reed
Furniture of America Alliani 7-Piece Dining Table Set - Walnut - IDF-3318T-7PC
$966.86 | Hayneedle
Crystorama Paris Flea Market Mini Chandelier - 14W in. Dark Rust - 4504-DR
$270.00 | Hayneedle
© 2015 Houzz Inc. Houzz® The new way to design your home™