100% Equity, Not Interested In Seller Financing
Seller wants to move to a new area/lower maintenance house. She thinks the house is worth $265K (I doubt it, working on comps now), owes nothing and says she is not interested in seller financing. Does not need much in the way of repairs. The property is in a rural area with a gravel access road, on 5 acres, septic, well, etc. - the issue here is that it will be harder to find a buyer.
She does not seem overly motivated (does not HAVE to move) but seems to be receptive to a non-realtor sale.
In my mind the lack of motivation sinks any kind of deal that would make money for me. IAE, what kind of proposition might I make just to see how motivated she was (and somehow get control of the property and see if I can find a buyer)?
molotov
If you haven't met with the seller, meet with them. Just talk to them and see what they say. It doesn't take long to figure out with body langage and the tone of the words, etc what the seller's situation actually is.
What the seller says is not as important as how the seller says it. It takes somewhat of a gift to do this naturally without trying but you can get the hang of it.
It seems though that you have a property that you should likely move on from.
Another want to sell (lukewarm seller)
but don't have to sell (motivated seller).
I wouldn't waste too much time with this one. You could alway take an option and see if you can make a few bucks,
The owner may become more motivated with the passage of time--then again she may never become motivated.
if she doesn't want to carry a note and she wants all cash, IMHO an option is your only choice.
You could also trade with her any notes you are carrying, but that is just getting creative and she may not go for it. Find out what she wants, and see how light you can get in for.