I would certainly listen to someone who wanted to buy my house even though it isn't currently for sale. The real issue is that I would need enough to cover moving expenses and give me a nice little profit. If the home is decent sized, moving expenses might not be trivial.
There is certainly a chance that you could buy it from the current owners, just expect to pay some form of premium to get it. If the new owners are really content and really don't want to move then that premium might become excessive.
good luck!How would I go about buying a home that's not for sale?
If you made them a very very generous offer...I'm sure they would consider it.
Well, there is a saying that everything has a price. You can get with a realtor to make a solicited offer on it, meaning that you are making an offer on a home not actually listed. Also, if you do a little research and make an offer a little more than what the house is actually worth, than you might have a better chance of getting it. Good luck!
Call them up, talk to them. See what their plans are. See if there are any issues that are bugging them about the property or area. Often this is something you can focus on in the conversation to get them more used to the idea of selling. Test the waters without coming out and saying you want to buy it - this puts them in the power position in the negotiations.
See if you can get them to give you a price that they would walk away for. Remember, he who gives a number first loses the negotiation. See if he would come down for all cash offer - i.e. if you knocked on his front door with a briefcase filled with cash.
Finally, if all else fails, write him a letter of intent to purchase. It is a non-binding offer for the purchase of a house. Write a number that you think would get the job done without overstepping what the property is actually worth. A dream house or non-dream house - everything come back to one thing, money. I make purchase decisions based on how it will improve my situation and future. No one can appreciate a dream home if it is dragging them into bankruptcy or foreclosure.
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