Hello All. I have a seller begging me to buy her house and has so far refused to take ‘no’ for an answer. What is the nicest way I can say no without being cruel? I honestly don’t see a deal with this house.
FSBO. Seller relocating.
Seller Asking Price: $345,900 (will not accept less than $342,000)
Seller Owes: $342,800 (seller wants to sell for amount owed)
Comps: $347,000
Repair costs: $3000 approx. (seller says no repairs needed).
Mortgage Payment: $1700/month (area rents $1000 - $1400)
On Market since May 2006. Seller says she is desperate to sell so she can leave.
I offered to speak to seller’s lender(s) about accepting a lesser payoff amount (short sale) than what she owes.
Also offered lease/option where I could pay the majority of seller’s mortgage payment and cover maintenance so she could leave and not play landlord. I told her that she would still have to pay some, but anything beats having to pay $1700/month alone, on an empty house.
She didn’t say no to these suggestions, but continues to tell me what a great deal I would be getting at $342,000. I disagree.
I need my first deal to be something easy like a wholesale or assignment. I have already told this seller the house is not a fit for me… What else can I say? Does anyone see a deal here, that I don’t see? I sure would hate to pass it up, especially since this lady is trying to sell me on this house.