All Forum Posts by: Becky Engel

I'm trying to sell my lovely condominium in Ohio. I had an offer of $115K but the buyer was unable to get financing at the last minute. He had wanted to move in on closing day. I was notified 2.5 days before closing that he couldn't get financing. Ugh. By then, my house was virtually empty and I decided to move forward with leaving the state as planned. 

So, my condo is now back on the market. I have it listed for $114,900 which is a very reasonable and comparable price. If anything, I'm UNDER market value because of the size and amenities my condo offers. I'm now out of state and have had several low-ball offers. The latest one is still $15K under my asking price. Instead of giving it away, does anyone have any creative financing ideas that I can suggest to the buyer for a way for her to buy it? I came up with these two scenarios: 1) mom and dad finance her down payment ($20K) so her loan is only for the difference of $95K. Her budget is $100K max. 

Another possible scenario: 2) she somehow does her basic loan with the bank and I finance the rest as a land contract. I'm not excited about this because I need to get the equity out now so I can get on with my own life. 

Help! I don't want to lose another deal nor do I want to hang on to the condo for months on end because I don't have any offers. This is a retail sale not an investment deal.

Seeking financing for a triplex multi-family unit in Ohio.  Looking for approximately $75K to $80K to purchase and hold. Very little, if any, rehabbing or upgrades are needed. It's 100% occupied and we'd like to jump on this ASAP.  I'm not sure if I"m allowed to put my phone number here but I guess they'll block it if it isn't. 937-935-1044

Thanks for any suggestions you might have. 

Becky

Wow, I'm closing a loan with you in a week or two. Do I qualify for the Vegas trip? :>)