Hi, looking for some advice here
Back in May we contacted a real estate agent, telling them we needed to sell our house ASAP as it was due to go to auction in June (unpaid property taxes). Anyway, the guy came back, and offered to buy our house via seller financing. $140k, $14k down minus the property taxes, and $1k a month until the sale of the house when we get the rest of the money
The house and lot have been cleaned up, and revamped. It was put on market August 31st.
To give some context about the house itself. It’s a 1675 sq foot house with 4 bedrooms, 2 bathrooms, and an open floor plan with the living room, kitchen, and den. The lot size is 6000 ft. The house is less than a mile from Walmart, Target, the mall, a grocery store, various restaurants, and other stores.
Last Tuesday I asked how the sale was going, and he said several people were biting, and a contract would likely be signed in a couple of a days.
Today I asked, and he said that nothing had come up, and he’s thinking of lowering the price, but there’s not much room to work that in. He then asked if we would be willing to lower our pay off to $105k instead of $124k
I said we would rather do the $124k, but what do you guys think?
Other notes: Issues such as structure work and plumbing were repaired, likely adding to the cost of the house which is listed at $270k
I’m going to talk to some other people about this and see what they have to say
submitted by /u/HuckleberryAbject889
[link] [comments]