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Old 06-01-14, 04:24 PM   #1
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Contacting children about a property of a deceased parent?

I was out with my real estate agent the other day and we just happened to turn down this street to turn around. There it was. My dream home. Ranch home, TONS of privacy on a wooded lot, only a mile from where I currently live and the area where I want to stay.

So I checked into ownership of the house figuring I would send them a letter. What is the worse that can happen?


Turns out the home is in a trust. Mom died in 2008 and Dad died just last year in September.

My question: Is it appropriate to contact the daughter (the trustee) about the house? Has enough time passed? I of course will express my sincere condolences. If folks think it is OK, anything else I might say? I was thinking that I will be sure to give it the love that both her parents put into the place, something like that.
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Old 06-01-14, 04:35 PM   #2
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Absolutely, it is OK to contact them about interest in a sale.................... they should appreciate it
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Old 06-01-14, 04:46 PM   #3
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An hour after dad passed, no.

3 months, heck yes.
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Old 06-01-14, 06:55 PM   #4
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Letter goes out in the morning. I am guessing I will not be able to afford it. House is small but it comes with 1.2 acres. I am hoping the reason she has not sold yet is that she was subdividing. The back half of the property is on a different street. Subdividing could make a small home easier to sell.
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Old 06-01-14, 07:05 PM   #5
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If she is subdividing, maybe snap up a parcel for yourself and build to suit?

And why are you contacting the owner yourself? Or do you mean that your Realtor is contacting them on your behalf?
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Old 06-01-14, 07:16 PM   #6
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If she is subdividing, maybe snap up a parcel for yourself and build to suit?

And why are you contacting the owner yourself? Or do you mean that your Realtor is contacting them on your behalf?
No I am contacting the owner myself via snail mail.


I really don't want to build. It would take too long, expensive and full of pitfalls. Of course for as long as it is taking me to find a place, it might take me longer to find a place.


And I am just hoping she was subdividing anyway. When you look at the parcel, it make make good sense to do so. Frontage on at least one other road and nice and flat. Flat is hard to find here.
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Old 06-01-14, 10:41 PM   #7
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That may be complicated with the trust, but it doesn't hurt to ask. Selling or parceling will depend on what she's able to do through the trust documents. Also, there may be restrictions on sale of the property and those might make the beneficiaries, the trustee, or excluded family members upset. You may want to hold off on expressing that you'd care for the property as the parents did to avoid getting in the middle of that until you get a better feel for things.
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Old 06-02-14, 07:43 AM   #8
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Doesn't hurt to ask, but they might be debating one child buying the other out and moving in to the parent's home or using it as a family time shared vacation spot or many other things.
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Old 06-02-14, 04:24 PM   #9
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Doesn't hurt to ask, but they might be debating one child buying the other out and moving in to the parent's home or using it as a family time shared vacation spot or many other things.
According to from what I see in the obits there is only one child.
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Old 06-02-14, 05:08 PM   #10
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there is a condo I want to buy. But the guy who owned it died im in same boat im not sure what to do
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Old 06-02-14, 05:48 PM   #11
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there is a condo I want to buy. But the guy who owned it died im in same boat im not sure what to do
How long has it been? A few days, months?
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Old 06-02-14, 05:52 PM   #12
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months
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Old 06-02-14, 05:55 PM   #13
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Took a bicycle ride and I stopped by the house today for a closer look. Wow is it ever beautiful. That dark brick just how I like and it is a ranch too. All surrounded by trees. Lots of work in the fall but should save a ton in cooling costs in the summer.

And wow the yard is huge! Both good and bad. I will be going from no yard work at all to that huge yard. Something to think about. Hopefully there is already a rider on the property. Yard is big enough to justify a rider. Again both good and bad. I would imagine a rider would extend the age at to which I can mow the lawn.

Looks like she is starting to clean the place out. Lots of junk out front.
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Old 06-02-14, 05:56 PM   #14
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months
I would say send a letter then. I am glad I did but need to wait to see what happens.
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Old 06-05-14, 06:51 PM   #15
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Well I just got an email from the owner of the house. She indeed really appreciated my letter. Is is looking to sell!

She wants me to contact her mid July which is perfect for me as I will be bicycle touring around Lake Ontario the last week of June, first half week of July.
At least I know it won't be sold while I am gone!

Now if I can only afford it!
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Old 06-05-14, 07:23 PM   #16
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Well I just got an email from the owner of the house. She indeed really appreciated my letter. Is is looking to sell!

She wants me to contact her mid July which is perfect for me as I will be bicycle touring around Lake Ontario the last week of June, first half week of July.
At least I know it won't be sold while I am gone!

Now if I can only afford it!
Great news!
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Old 06-05-14, 08:40 PM   #17
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Huzzah. Now hopefully she has a realistic idea for what the house is worth and it matches what you're able to spend.
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Old 06-05-14, 08:53 PM   #18
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The obituaries are a prime source for houses/condos/apartments, as well as vehicles, furniture, appliances, and all the rest. If the children are old enough, they've already got their furniture, vehicles, and appliances, and just want to sell the stuff. Often, they'll turn to an estate-management company to sell everything at once. Nevertheless, see if you can buy individual items directly from the heirs (one reason for them to do so is not having to pay the estate-management company's fees). In my life, I've found a number of apartment units through the obituaries... cars, too (their kids never want a Camry, lol). Just my 2-cents.
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Old 06-05-14, 09:08 PM   #19
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Awesomesauce!!!! Fingers, toes and two of my tails crossed for you.
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Old 06-05-14, 09:37 PM   #20
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Depending on her motivation, you'll either be looking at a premium price or could get lucky and get it for a song. Might want to confer with your real estate agent about realistic timelines and pricing for any future subdivisions.
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Old 06-06-14, 05:06 PM   #21
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Huzzah. Now hopefully she has a realistic idea for what the house is worth and it matches what you're able to spend.

With an emphasis on the last part! It has 1.8 acres. That is a lot of land in Robinson. It is pretty much the biggest yard in the area. I guess that could be an asset and a liability!

The yard looks big enough to hold my own regulation football games. Well at least baseball anyway.
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Old 06-06-14, 05:08 PM   #22
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The obituaries are a prime source for houses/condos/apartments, as well as vehicles, furniture, appliances, and all the rest. If the children are old enough, they've already got their furniture, vehicles, and appliances, and just want to sell the stuff. Often, they'll turn to an estate-management company to sell everything at once. Nevertheless, see if you can buy individual items directly from the heirs (one reason for them to do so is not having to pay the estate-management company's fees). In my life, I've found a number of apartment units through the obituaries... cars, too (their kids never want a Camry, lol). Just my 2-cents.
I already proposed that she sells direct to me.

She is selling off things now about the only thing I might want would be ladders, riding mower etc.
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Old 06-06-14, 05:14 PM   #23
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Depending on her motivation, you'll either be looking at a premium price or could get lucky and get it for a song. Might want to confer with your real estate agent about realistic timelines and pricing for any future subdivisions.
Yeah premium price seems to be what I have been seeing in trusts. I made an offer on one place. He was asking $154K. The place needed EVERYTHING. Bathroom was a strange design like you see in motels with the vanity outside the bathroom and no door. I offered $140K figuring I would come up a bit. He said $150 and he pays for the wall anchor, $145K and I pay for it. So I am thinking "wall anchor, what wall anchor"? He never disclosed that! I was upset and did not budge on my offer. So what does he do? He installed the anchor then raised is price to $160K. Someone needs to tell the guy a wall anchor is not an asset! Turns out the place sold for $148K.

I think people attach sentimental value to a house. And that means nothing to the buyer.
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Old 06-06-14, 07:10 PM   #24
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I think people attach sentimental value to a house. And that means nothing to the buyer.
This is true. You can always get an appraisal on a house to determine its actual value. Then the seller can't dispute it.
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Old 06-06-14, 07:22 PM   #25
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This is true. You can always get an appraisal on a house to determine its actual value. Then the seller can't dispute it.
Sure they can.

I decided I am not selling my place till I get $500,000,000.
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