Updated over 16 years ago on . Most recent reply
how to get this house
I know a house owner they purchased a house $750,000 in Oct, 2008 with real estate tax is $15000. They have old house which it has $180,000 mortgage and tax is $7500 which is vacated to sell.
According to my estimate, it is hard for them to handle two mortgages and two real estates. I want to purchase their vacant house. Most houses in the area list price are $260,000 right now. Due to the financial down turn, not so many people like to purchase to the area ( the real estate tax is high and houses are old and charm). The owner has emotional attachment to the old house. They put the house sale by owner $389,000 and open house every week since Oct. no one offered yet.
I want to purchase the house for $200,000. I told to owner about that. They said are you talked about half price. I told them it is hard to find qualify buyer. With so many houses in the market, they seems not convincing