Seller financing: benefits and liabilities to the seller
I have come across an opportunity to purchase a SF home before it hits the MLS. Owners are retired and home is paid off. They are wanting $150K but they know it could sell for as low as $140K with repairs needed. Tax value is $129K and other similar homes in the area are selling for $200K and up after nice rehabs. It would probably appraise for $150K currently in our market. Rents would approach $1100 to $1200 with some slight rehab. I would like to make them an offer to avoid using a realtor and maybe save them some $$... My question is what would be the best strategy to make them 2-3 offers that benefit them and me at the same time. (I can make a sizable down payment -$30K -but could not offer all cash upfront without an investor ). Thanks