Updated over 4 years ago on . Most recent reply
I need some help getting creative with this sale
Hi all, I put an offer of 185K for a house listed at 199K. My plan is to do STR. The house is recently back on the market due to some job issues the last potential owner ran into. The last offer that was accepted was $225K. Now that the house is back on the market in a time without as much action, they current owners are countering with 225K which as 26K over asking. I was thinking of offering 210K but I was just told by the realtor that the current owner is going to have to move out of the house into a rental unit for 6 months until they move again to NC for permanent residency. I suggested letting me purchase the house and then renting it out to them. We are in NYS. If I rent to them I still plan on doing the STR thing when they move out. Has anyone done this before? Any pitfalls? The house is very clean and practically everything has been replaced. Should I reduce the offer price and not collect monthly rent but ask that they pay utilities and other stuff like cable, etc? Or should I set on a final sale price and a separate lease agreement for the monthly rent? Any help would be great.