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re: Successfully purchasing land from an individual that is not for sale
Posted on 12/23/16 at 3:34 pm to Tigerbythetale
Posted on 12/23/16 at 3:34 pm to Tigerbythetale
quote:
Research owner's finances to determine current status and make an initial written offer based on his current need for cash.
Damn that's some shady shite
0
Posted on 12/23/16 at 3:35 pm to eyepooted
My only advice....this is speaking from experience, unfortunately.
If he is interested in selling, have a real estate contract drawn up by an attorney that gives you numerous "outs," which covers you in case you decide to not go through with the sale and will never legally bind you to purchase the property. You'll spend a couple of hundred bucks with the attorney, but you will be covered in case you decide to back out of the deal.
If he is interested in selling, have a real estate contract drawn up by an attorney that gives you numerous "outs," which covers you in case you decide to not go through with the sale and will never legally bind you to purchase the property. You'll spend a couple of hundred bucks with the attorney, but you will be covered in case you decide to back out of the deal.
Posted on 12/23/16 at 3:35 pm to Tigerbythetale
quote:
Do the due diligence/ market research to establish the proprties worth, Set up a meet and greet with owner to feel him out. Research owner's finances to determine current status and make an initial written offer based on his current need for cash. Try to depict your potential future use of the property as beneficial to his adjacent property value with minimum impact on his continued enjoyment use of his land. Don't take no for an answer! Good luck.
Solid advice.
It isn't a historical site.
Posted on 12/23/16 at 3:36 pm to eyepooted
Stay outta Dequincy. Jk welcome
Posted on 12/23/16 at 3:37 pm to eyepooted
My father did this. Had a house on a river and there were two wooded lots next to him owned by the same woman. He looked up the public records to find the owner and approached her to buy both. Made a good offer and was refused. Kept approaching her periodically until she started getting interested in selling. Then the area flooded. She sold the lots to him for far less than he originally offered.
This post was edited on 12/23/16 at 3:37 pm
Posted on 12/23/16 at 3:37 pm to TigerOnTheMountain
quote:
Probably not interested but you never know. I sent a letter through the mail to the owner of a 25 acre tract of land bordering the rear of my property. I explained my interests and reason for wanting to purchase, along with a fair offer I told them I would pay in cash. They accepted. You don't want to come off as pushy or creepy, so an old fashioned letter is the way to go. Worked for me and hopefully it will for you too.
I feel like if I talking to his face to face would be better than a letter. Why do you thin a letter would be better than an actual meeting?
Posted on 12/23/16 at 3:40 pm to eyepooted
I own a few vacant subdivision lots and a couple of farm tracts that I've been holding onto for years. They're not listed for sale but I would part with them if the right offer came along.
I get inquiries on the reg. I always throw out a high number and that generally ends the conversation.
I get inquiries on the reg. I always throw out a high number and that generally ends the conversation. Posted on 12/23/16 at 3:40 pm to speechles
quote:
Stay outta Dequincy. Jk welcome
We're not moving to Dequincy.
Posted on 12/23/16 at 3:42 pm to JoePepitone
quote:
I get inquiries on the reg. I always throw out a high number and that generally ends the conversation.
You're so cool bro
Posted on 12/23/16 at 3:46 pm to eyepooted
quote:
Bonus: the land owner is a pastor at a local church.
Why is this a bonus? He will probably try to screw you on the deal.
Posted on 12/23/16 at 3:46 pm to eyepooted
Just trying to give you an idea of what you may encounter, burr.
I'm a landman by trade and have seen and heard just about everything that's out there.
I'm a landman by trade and have seen and heard just about everything that's out there.
Posted on 12/23/16 at 3:54 pm to eyepooted
quote:
quote:
I get inquiries on the reg. I always throw out a high number and that generally ends the conversation.
You're so cool bro
Considering the topic of the thread, he was just telling his experience. I don't think he was trying to be "cool".
Posted on 12/23/16 at 3:55 pm to Arkapigdiesel
Setting up a wriiten sales contract that facilitates the offerors ability to walk away without real cause is the very definition of "Bad Faith".
Standard Purchase Agreement already gives offeror opt outs for flood plain, title cloud and nearly any other valid reason to cancel the sale
People like you are the reason this potential seller may be scared to consider selling for fearnof being hoodwinked by unethical purchasers like yourself
Have a downvote and I encourage you to look up karma if you can use a dictionary.
Standard Purchase Agreement already gives offeror opt outs for flood plain, title cloud and nearly any other valid reason to cancel the sale
People like you are the reason this potential seller may be scared to consider selling for fearnof being hoodwinked by unethical purchasers like yourself
Have a downvote and I encourage you to look up karma if you can use a dictionary.
Posted on 12/23/16 at 3:58 pm to eyepooted
quote:
I feel like if I talking to his face to face would be better than a letter. Why do you thin a letter would be better than an actual meeting?
I think a letter would be good bc it would plant the idea in his mind. Being that he is a pastor, when you describe wanting to purchase and build a home on this property, I would definitely mention how you and your family have prayed about finding a wonderful piece of land and emphasize how that property would be perfect to raise your family on. You need to put some emotion in to the letter and then at the end mention how you would love to speak more in person with him even if he were to decline. You never know, he might own another piece of land thats even better for you that he is interested in selling.
Posted on 12/23/16 at 4:09 pm to eyepooted
You better have a lot of bankroll if you are trying to buy land that is not for sale.
Posted on 12/23/16 at 4:14 pm to Tigerbythetale
quote:
Setting up a wriiten sales contract that facilitates the offerors ability to walk away without real cause is the very definition of "Bad Faith".
I think most contracts allow a buyer to walk from the deal for any reason within their inspection period. If they walk after they lose their deposit.
Posted on 12/23/16 at 4:19 pm to Aristo
quote:
You better have a lot of bankroll if you are trying to buy land that is not for sale.
not necessarily, the guy might just not have considered selling it, maybe he forgot he owns it, I've been approached by people asking to buy things of mine that weren't up for sale, and I did buy a piece of property with an old Cajun house on it years ago, it was owned by an old Cajun lady that had inherited it and I really don't think she was aware that she owned it, after we approached her she thought she might donate it to the Catholic church, a friend that was trying to help me get the property was good friends with the priest and intervened, got the property pretty cheap
Posted on 12/23/16 at 4:21 pm to eyepooted
quote:
Has anyone ever successfully approached a land owner about land that is not for sale and they agreed to sell it? If so, how did you go about making the offer?
Hi Mr. or Mrs. Landowner,
My name is [insert name here] and I'm interested in buying the piece of land that you have North of Sulphur - is this something that you would entertain? I also live in [insert city], so I would be happy to buy you (and if he has a wife) dinner one night so that I could introduce myself.
I appreciate your time and hope to hear from you soon.
Best,
eyepooted
Posted on 12/23/16 at 4:31 pm to eyepooted
Have cash ready when you make the offer. They will be more likely to accept.
Posted on 12/23/16 at 4:37 pm to JOHNN
quote:
JOHNN
I can see how that would be effective.
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