Skip to main content

Best way to approach 78 yr old owner of vacant lot next to my property (off-market)

I own a commercial building and recently completed renovations and leased it out. The vacant lot directly next to it is owned by a 78-year-old woman who’s held it for ~20 years. It’s unlisted, vacant land, and I found her through public records / parcel apps. I have her mailing address.

Because my building is now stabilized and leased, I’m concerned other investors will start paying attention to this block. I see this lot as strategically important for future development tied to my existing property, so timing actually matters here.

I want to approach her off-market in a way that: • Maximizes the chance she responds • Doesn’t spook her or trigger defensive pricing • Moves efficiently without being disrespectful or predatory

I’m weighing: • Handwritten letter as the neighboring owner • Door knock (daytime, respectful) • Letter + follow-up cadence • Or a more direct approach I’m overlooking

Specific questions for people who’ve actually done off-market deals: 1. What’s the highest-probability first contact in a situation like this? 2. Does urgency justify being more direct, or does that usually backfire? 3. Is showing up in person ever the right move with an elderly owner? 4. How much intent do you disclose early if you plan to develop? 5. What mistakes most often kill these deals before they start?

I’m not trying to lowball or pressure her — I just want to control the asset next door before outside buyers show up.

submitted by /u/Own-Friendship3364
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/1prvduy/best_way_to_approach_78_yr_old_owner_of_vacant/

Comments

Popular posts from this blog

Aren't comps/CMAs useless with buyer credits at close happening now?

I'm looking into buying a new construction townhouse in my HCOL US city. I'm seeing builders offering interest rate buydowns worth $20k-$60k on $800k homes (rather than just lowering prices) in order to keep their comps high for their other units, now that buyer demand has been declining. I asked my agent about these, and he said these buydowns aren't even the full story: buyers can write all kinds of other credits into an offer, like their closing costs, prepaid sewer fees, etc. Apparently cash buyers can just write in a "buyer credit at close" for any amount in their offer. So a new townhouse that appeared to sell for $800k in the MLS might have actually been a cash offer with a $100k+ buyer credit at close, meaning the buyer only spent $700k or less in total, but to the rest of the world they can only see the $800k! So that made me realize I can't trust comps/CMAs for other new construction townhouses. The sales prices could be way lower than they appear...

Pool fill without engineer oversight

We are in the process of purchasing our first ever home in CA and we just discovered in the disclosures that the new build property we are purchasing previously had a swimming pool which was filled without an engineer onsite to approve the work (details from disclosure below). Is this something we should be concerned with or not? Is it something we should have additional inspections conducted on? We are originally from the UK and not really sure what to do with this information and if it is concerning or not. A POOL DID EXIST PREVIOUSLY. COPING, TILE, GUNNITE AND REBAR WERE ALL REMOVED AND DIRT AND CLEAN DRAIN ROCK WERE USED TO FILL IT IN. COMPACTED FILL WAS NOT USED AND NO ENGINEER APPROVED THE DIRT AND DRAIN ROCK FILL IN submitted by /u/tommot82 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/dpyzw8/pool_fill_without_engineer_oversight/

Making offers on houses not listed for sale.

I want to buy a home for retirement. I am looking at lots of options, mostly focusing on the locations that appeal to me. I see lots of Zillow estimates of homes that look like great deals to me. Are these estimates accurate, even though similar houses in the same area that are for sale are usually priced much higher? If so, is it realistic for me to try to make offers to owners that do not have their homes listed? Would a realtor even consider helping me do this? Or, do these values indicate that the houses listed for sale are overpriced, and I should just lowball until someone accepts? Are houses today tending to sell far below list prices, or ??? submitted by /u/chewybrian [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1o4mcon/making_offers_on_houses_not_listed_for_sale/