Gives you plenty of time to think about it. Maybe he will recognize the real condition it is in and price it reasonably.
The neighbor I have been helping out has another house and he's been there for most of the summer. It used to be his vacation home but he's thinking about staying there now that he's having some physical problems. That house is relatively new but the one he has here is an historic home which he hasn't done much with since he bought it forty years ago.
He came back yesterday for the afternoon and said that he wants to sell in a few years, likes the work I've done, thinks I would take care of it and wants to know if we want to buy it.
I would love to restore this home but I'm not certain that he understands the extent of the work that needs to be done. So I'm cautiously excited about the possibility but I don't want to offend by saying that it's not worth a lot. I guess we'll see in a couple of years.
Gives you plenty of time to think about it. Maybe he will recognize the real condition it is in and price it reasonably.
janedoe (10-10-2014)
Nice. But consider he might be a very smart neighbour who sees a marketing opportunity that could benefit him. Has the house been designated with some kind of status making it a historical home by whatever agency does that where you live?
Not to sound like a gold digger but if you are interested in it and he's starting to have psychical issues, have him put it in his will/living will stipulating something like the house is to be first offered for sale to you for fair market value. That way you have the first right of refusal if you decide you don't want it juts in case (god forbid) something happens to him prematurely.
At the Bridge
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