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I want to buy my mom's house from her landlord (and neighbor). How do I do it?

I live in the Bay Area and work in the software industry. My mother lives in my hometown, in upstate NY, in a duplex apartment where she's been for over 20 years. Her landlord, a nice woman about my mother's age, lives in the adjoining apartment. She's owned it the whole time, and she and my mother are friendly.

The landlord has had some health issues over the past few years, and generally seems to dislike being a landlord; I suspect she might be interested in a sale. My mother would like to stay in the apartment for good, and she agrees that the landlord might be interested in selling.

So, I want to buy the house. I've never bought real estate before. I have plenty of cash (I could buy the house outright, if I wanted), and excellent credit. In addition, I worry about the possibility of disruption in my mother's life should the landlord decide to sell.

I'd like to be able to make the landlord a reasonable (even generous) private sale offer, and have the landlord become my tenant. My mother would be my property manager (in exchange for free rent).

I have no interest in taking advantage of this woman's poor health, or trying to pressure her into a deal, but I do hope she will agree to sell, and I do want to get a fair deal for myself.

What's the best way to go about this? Should I just approach the landlord, and go from there? Or does it make sense to try to get an offer together first, and then approach her? I really have no clue. Moreover, does this even sound like a good idea?

submitted by /u/wirebreather
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source https://www.reddit.com/r/RealEstate/comments/ew0q8k/i_want_to_buy_my_moms_house_from_her_landlord_and/
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