Well, it seems my timing is off again. This is the one that got away story. Called on a 1913 Touring for sale, just two hours away from me, on Wednesday last week. The poor lady told me her husband listed it but died before it sold so now the children were trying to decide what to do. She said it would take at least two weeks before anything could be done, but assured me I was the first to call and that she would notify me when they could sell it. Two days later, she called again to say her step-son was showing the car on Saturday and that I should call him, which I did but got an answering machine. Never heard from him over the weekend, so called again today. Finally got a hold of him, only to learn that the car is most likely sold, although the buyer never put any money down but is supposed to come back sometime this week. The children wanted to sell the car fast, so this running, 1913 Touring, with extra engine, sold for $9500!! The original listing never had a price so needless to say, when he told me on the phone that all he wanted was 10K, I just about had a heart attack. Always a day late and 10K short!
If the car was only in the husband's name and he is dead, the car will not sell until it goes through probate court to identify and award it to the rightful new owner (and collect the related taxes) and that can take up to 6 months or more, in some states, especially if the owner left no will.
Inspect the title first to determine if you are talking to the legal owner.
Wilber, Sounds like you've been shafted about as bad as the guy who paid $130 for a square shaft screwdriver.
Show up at the house with a trailer and 10 grand and it might be yours.
I agree with Mr Hjortnaes. Cash talks and I would be on the road pronto......2 hours is a piece of cake and you might be able to eat it as well....
Hmmm,.....Not trying to "rain on your parade", but it might be that you'd be getting into a situation that could turn into a real "can o' worms"! Buying something from a family who can't seem to decide who the owner is, you might end up dealing with a lawyer/lawyers that don't really care if you, as the buyer, ultimately gets hurt or not!
They might be looking for a way to start a bidding war.
The problem is the son, who's selling it, lives in Ann Arbor and the step-mother, where the car resides, lives in Gladwin. She told me she has nothing to do with it and that the "children" are deciding the fate of the car. I think I'll call her today and get some better details.
Agree heartily with Mr. Hjortnaes - and here is why: About 3 months ago, a T Pulford Conversion tractor showed up on Craigslist in Maine - about 8 hours away from me (almost into Canada). The seller had the complete Pulford tractor, another complete Pulford kit, two engines and a bunch of parts. He was in a hurry to sell because the property where it was stored was being sold. The price for it all was EXCEPTIONAL - once in a lifetime deal. I told him I'd take it ALL. Well, the next weekend wasn't good for him, the next one wasn't good for me (he was only availble one day of it and only in the afternoon) - so we agreed on the third weekend. I scheduled that Friday before as a "day off" with my employer so I could start the trip early. I called him the Thursday before to confirm the meeting time on Saturday and he informed me it was all gone - sold - everything. Said a Canadian fellow from "just over the border - about 6 miles away") had seen the ad on Craigslist, dropped by 2 evenings before and bought it all. His parting shot to me was "I know we had a deal, but he was here with cash in hand and I wanted to get rid of it."
So Wilber, based on that hard-learned lesson (I still have bad dreams about it and am grinding my teeth as I type this), if it were me, I'd be hooking up the flatbed, emptying every ATM in town and heading to see the car.
Wow, that one really must have hurt! I called the lady today, and she told me the title was in her late husbands name and that the "children" couldn't sell it without her signing off on it. I told her I was a serious buyer with cash and that I would really love to see the car. She said she didn't feel right showing it since her step-son was the one showing the car. I told her to please keep me informed and that I would still love a shot at buying the car. Again, the problem is the step-son (the seller) has the title but the car is with the widow.
I think I'd be talking directly with the step-son rather than relying on the lady to relay messages.
Right on! Steve
I'd be beating on the step-son door tonight saying "Hey I'm here to see that car you have for sale"
You complied with the widows' wishes as a
gentleman should do .....
There will be another opportunity
As I said, the car isn't with the step-son, it's at the widows house. Only the step-son is showing the car and won't be going up to the car for a couple of weeks. I am trying to see if he will agree to let his step-mom show me the car on Sunday. Until then, I can only bide my time and bite my nails further!
Wilber, don't beat your self up on this one. From what you have told us all it is running 13' there is a lot of gray in that statment. was it restored or maybe a rusty put together? not all 13's are worth 10 grand.
sometimes the old saying "if it was meant to be, It will be" keep trying good luck
Unless there's a will, it could be a sticky situation. The wife is entitled to spousal assets as a survivor no matter what the kids say. No wonder the kids want to sell it fast. I would look deep into it and verify other family members have a right to sell it. It could be considered theft from the estate and you might loose the car and your money. Any power of attorney signed before the owners death becomes null and void on his passing. Be sure that who you're paying the money to has legal ownership of the car.
Thank you Ken; you've done a good job of explaining what I was alluding to when I said,.....sounds like a "can o' worms"!