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Updated over 6 years ago on . Most recent reply

User Stats

7
Posts
1
Votes
Andrew Winter
  • Greenwich, CT
1
Votes |
7
Posts

Unique Situation While Flipping First Home

Andrew Winter
  • Greenwich, CT
Posted

Hello All,

My house is currently sitting on the market (going on two months) and I finally received an offer the other day.  Unfortunately, the offer that was presented was well under my asking price. The woman fell in love with the house as soon as she walked in, but her pre approval fell well short of my listing price.

She asked if she can buy the house at the less than asking price and then send me monthly payments until she hits my original listing price.

I would love any advice if anyone has experienced anything similar to this situation.  I know I will have to deal with legal to get paperwork situated to guarantee those monthly payments.  This is something I've never dealt with and I'm going back and forth with considering this deal or leaving the house on market.

Let me know, guys!    

Andrew W.

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