So I found my first motivated seller today. We got to talking, and she inherited the house she grew up in. She currently is renting it out, but HATES being a landlord. She'd love to sell the house, but her brother is involved and doesn't want to sell. That's another matter, and I believe it's something I can work through.
The issue I see for the immediate future is that the house is in the middle of a farm. I haven't seen the house yet, so I don't know exactly how "in the middle" it is, but my question is, to sell just the house, not the entire farm, we'd have to basically sub-divide and create a "lot" on which the house sits, and then I'd purchase that lot and house. Correct?
So, what would be involved in that process? If I can convince both parties to sell, what would be my first step, and how much am I looking at it costing?
Thank you guys and gals,
Mike.
