Updated over 11 years ago on . Most recent reply
not sure how it works
Kids got left a duplex by their now deceased father and have not been able to sell it. I talked to the realtor and they really want to be rid of it to help with bills and because they don't want to manage it. Was thinking about offering them a down payment and doing owner finance but to do this do I go through the realtor or go straight to the kids?
Most Popular Reply
First things first!! Make sure it is a good deal for you.
If there is a Realtor involved, it is probably easier to deal with her/him. From the buyer's side, they don't cost anything. If you can't get satisfactory response from the Realtor, talk to the owners directly.
The place probably isn't selling because the price is too high.
How you structure your offer comes after you determine the price you want to pay. Make sure the numbers work out and then figure out how you are going to finance it. If they place is an anchor around their neck now, they'd probably love to turn it into a cash flowing note.