Seller wants moving money

[Aaron Wyssmann]

Seller owns house free and clear but has not cash to move. Not sure how I can give her cash prior to me purchasing the home. Need some ideas of how this might work. Let me know your thoughts.

[Eric F.]

I do it different than @Jesse Tsai . I considered doing it his way, but I was afraid if they didn't move then I would have to do an eviction and I'm suddenly 3 months behind. I came up with something different and my lawyer agreed it would work. I did this two times last year (numbers made up).

I buy the house for 50k. The seller receives 45k at closing. 5k stays in escrow contingent on them moving out in 15 days. If they are out, they get it, if they are not then I go through the legal system to get them out. 5k covers my holding costs + expenses during this time. 

The closing attorney holds it in escrow. You can bet your butt for 5k they get out! I went to one house and they had 9 people moving everything on the second to last day.