So how does this work?
I mean the owner passes away and it goes up for sale by the bank? The deceases family?
Am I allowed to ask what is owing on the property and offer that
Browse Forums Real Estate Re: Deceased estate sale 3Feb 05, 2009 12:54 pm A thankful person is a happy person. [/color]My hobby design blog: http://aviewondesign.blogspot.com/ Re: Deceased estate sale 7Feb 06, 2009 10:11 am kyton So it is sounding as if it may not be a mortgagee sale then. It sounds like our property. The beneficiaries in our case first tried an auction to guage the market (since it was such a highly unusual property) then it went onto the market. When it didn't sell 6mths later we then approached the other two and made an offer. The estate is obviously not in a massive hurry to sell - ie they mustn't be hurting for money. So in that case all you can do is make an offer - possibly have an independant valuation done - and then approach the real estate with the evidence of what they have come back with. Thanks. Sounds like a valuation is needed. The owner passed away half way through renovations so hopefully that will really drive the price down |