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Updated over 2 years ago on . Most recent reply

Account Closed
  • Real Estate Agent
  • Hanford, CA
15
Votes |
16
Posts

Working on attaining a ‘Subject to’ but need help

Account Closed
  • Real Estate Agent
  • Hanford, CA
Posted

Those who have attained properties through ‘Subject to’ what information would you include when presenting to seller?

I have an Amortization chart

Property insights-market analysis

TIA

Most Popular Reply

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Doug Pretorius
  • Investor
  • Kitchener-Waterloo, Ontario
958
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972
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Doug Pretorius
  • Investor
  • Kitchener-Waterloo, Ontario
Replied

@Account Closed Honestly for this situation it would be better for the seller and yourself to have the the hard talk and get him down to a price where it will actually sell. But being a good friend I can see how that would be especially uncomfortable!

The seller is only motivated by greed at this point. You'll have to wait and see if he becomes more reasonable as his move date approaches. If he's not willing to lower his asking price from $450k he's probably not going to accept say $30k for his equity and to stay on the hook for the mortgage.

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