Return to the Buying and Selling Homes Forum | Post a Follow-Up

Buying an Estate Sale experience

Posted by marys1000 (My Page) on
Mon, Feb 1, 10 at 18:59

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

Follow-Up Postings:

RE: Buying an Estate Sale experience

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.

RE: Buying an Estate Sale experience

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.

RE: Buying an Estate Sale experience

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"

 o Post a Follow-Up

Please Note: Only registered members are able to post messages to this forum.

    If you are a member, please log in.

    If you aren't yet a member, join now!

Return to the Buying and Selling Homes Forum

Information about Posting

  • You must be logged in to post a message. Once you are logged in, a posting window will appear at the bottom of the messages. If you are not a member, please register for an account.
  • Please review our Rules of Play before posting.
  • Posting is a two-step process. Once you have composed your message, you will be taken to the preview page. You will then have a chance to review your post, make changes and upload photos.
  • After posting your message, you may need to refresh the forum page in order to see it.
  • Before posting copyrighted material, please read about Copyright and Fair Use.
  • We have a strict no-advertising policy!
  • If you would like to practice posting or uploading photos, please visit our Test forum.
  • If you need assistance, please Contact Us and we will be happy to help.

Learn more about in-text links on this page here