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Purchasing a Tear Down

A piece of land I’m interested in buying has a home on it that has been vacant for over 10 years and looks like it’s a total tear down. The owner lives in Los Angeles and the home is in Idaho. I’m interested in purchasing the home and tearing the it down to build my own home. In 2016 the home owner was given 90 to make certain repairs or the city was going to condemn the house. He made those repairs but after several windstorms and snow storms, part of the roof has blown off and the detached garage is leaning to one side. Also, during the summer, the weeds can grow to over 4ft tall. The front porch is gone so there’s about a 3 foot drop from the front door to the ground. The driveway isn’t paved and there’s no grass planted. As far as I know, the owner has not been back since 2016. The house it about 2 bedroom 1 bath 800sq ft and on a little over an acre. A home like this would usually go for $350,000+. I would need a mortgage. How would I go about purchasing a home that’s in such disrepair and that I’m going to tear down. Can I get a mortgage on a home if the lender knows I’m going to tear the whole thing down? I’m really only interested in the land so I can build on it. When a home is a tear down, how would I figure up a fair purchase price? I’ve talked to two realtors that I know and both said they didn’t want to get involved with it. What road blocks I would run into purchasing a total tear down?

EDIT: City hall was able to give me the owners name and contact into, but I have not reached out to him yet. I want to make sure I know what I’m getting myself into before I contact him.

submitted by /u/GhostRunner24
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source https://www.reddit.com/r/RealEstate/comments/l91s98/purchasing_a_tear_down/
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