Found A Great Piece Of Property ! Now
i found a great house
at $26,200 2 stories
11,000 land total assessed value= $37,200
and has liens if bought would i have to pay them?
what would be better/ safer / easier a offer to purchase or a option to purchase .
thanks 
Did you pull comps? If you did, then what do you think the FMV is on this property? Is the seller looking to sell quickly? If so then can you get an authorization form signed to talk to the lien holders?
There just isnt enough info for me to determine how good this deal is, or which way you should take it IMO.
AARONSAMA
ok i checked comps about $80,000.
what should i give for earnest money?
what price i should agree to to be able to assign ?
CAN (offer to purchase) forms be assigned
i was told before a seller can back out of them ,
it best to get a option to purchase, with a and /or assigns clause. [ Edited by starterneedhelp on Date 06/24/2005 ]
have anyone here did offer to purchase
and assigned one .
thanks for the info in advance
[ Edited by starterneedhelp on Date 06/24/2005 ][ Edited by starterneedhelp on Date 06/24/2005 ]
Sounds like a good deal. Get is under contract where it says buyer put your name or your LLC name if you have one then right and or assign. I would see if you can get a Realtor contract to use or use at least as a guideline. Sometimes there is wording in the conract about assigning just cross them out if it is not in your favor and have the seller inital it.
Also,in case a lawyer should charge an arm & a leg,is there another cheaper way to have the contract legalized