Have EQUITY need to cash out, Help sell! Help with structure
Maybe you could give us a hand on this deal we have a home locked up with PA and a profit spread of 60,000-70,000 and now we need to sell in the next 30 days. We don't want to close but if we do the seller will pay mortgage for two months giving us an extra two months to market.The home is in Woodhaven MI. with comps in the area from 290,000-310,000 with same floor plan and square feet. We have under contract for $219,900 with 2.5% sell concession. This Property is currtently listed, also we have a buyers agent we are finding hard to market with it still being on mls at 219,900 we need to sell reasonable time if we close cause holding cost will be way too high how can we structure this deal to get out in the next 30 days (1)doing all out blitz and selling at discount to end buyer and structure so we can cash out without closing 2.close refinace pull some equity then continue to sell with or without best realtor in town, 3. Refinance some cash out and do lease option, little on high side to lease option at 2200 month but possible, 4. Owner Finance, have a note buyer and structurer lined up 5, Auction, we have not told seller this and with two realtors we may be better off auctioning after we close, we already have a PA and closing date less than 30 days. Need Help please!! :superman: