Making Offer on Home Where Owner Will Stay In Place (Off-Market)

[William Coet]

Hello,

This is an off-market home and I don't think the owner is considering selling.  It has been in their family for a few generations, but I am not aware of any heirs.  The owner/occupant has a bit of financial trouble.

I would like a solution that allows the current owner/occupant to stay in place, but also secures the property for our future use.

I've considered purchasing it and offering lifetime in exchange for rental payments equivalent to property taxes, insurance, and a maintenance allowance.  This would keep the costs the same for current occupant. Perhaps there are better ways to approach this.

This may be a sensitive subject for the current owner/occupant.  Any ideas on how to approach this tactfully would be very much appreciated!

Thank you.