Newbie Needs HELP!!!
I have this seller that is closing on a property in Phillipsburg on
Feb 25th. Since his offer got accepted, he has been transferred to
Monclair. He is not interested in renting it, doesn't want to be a
landlord!!
Asking: $115,000
Appraised: $125,000 (He is faxing me a copy of appraisal)
I said what if I offered you all cash - what would you take? He said
if there is an all cash offer at closing he would certainly be quite
willing to negotiate his price.
He is willing to do a lease option but doesn't know how to structure
it.
I don't know where to go from here... ANY HELP WOULD BE GREAT!!!
What are my options and what do I offer?!?!??
Thank you,
Matt
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