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I made an offer on my neighbors' property today, intending to buy the whole parcel, and carve off about an acre and sell the house and buildings. No dice! I have known the realtor for 40+ years, so he'll keep me on speed-dial in case things change. The owners say that they want to move ASAP and I offered them a fair price, and a FAST closing. No bank, no mortgage, no appraisal process. Just my lawyer updating the title search and a fast closing with a check and we're done. She can update the title in a day or two if I ask her. I can sit on the property (house, buildings, garden-spot) for a few years until the real-estate market turns around, if needed.
Edit: I may have to reduce my offer to bring reality home.
Edit: I may have to reduce my offer to bring reality home.
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