Seller Just Downsizing----what Is An Option?
I have a seller that called from one of my "sell your house as is" adds and wants to sell as is because wants to move from a two-story to a one-story due to taking care of a sick relative. However, not behind on payments, minimum repairs---make ready, as the house if under 10yrs old. MV 140K...I checked the deed records it was bought for $101K. Will need $$ to move to new home.
What is a fair offer?
Is subject to and option being that they are getting a new loan?
How do go about explaining a lower offer---closer to what they paid for it vs the market value?
Do you suggest to put it on the market, if they are seeking market value?
Suggestions on various type of offers other than subject to?
Your suggestions are appreciated. Good day.
Did you ask the seller what they want? If not, then that should probably be your first question. Maybe they only want $5K moving money and the the mortgage loan paid off.
First, find out what the seller wants/needs out of the deal.
thank you ed thats all i needed!
Sincerely,
Michael