How Can I Buy This House
So we have found what seems to be a great opportunity with a 3 family property in a great neighborhood. All of the numbers look great except the price. It is overpriced by a good bit but we have learned that the bank has called the note. I have a feeling that rather than trying to cut their losses and move on the seller wants to profit from the deal because they believe the house is worth more than what it really is.
The question is really about strategy and options - what kind of deal could we put together that could:
- keep the property out of foreclosure
- satisfy the seller and make them feel good about the deal
- allow us to get a good deal
Surely we could figure out something that could work out as a win-win, anyone have any thoughts?