How to properly direct the seller what to do.....

[Bernard H.]

I could use some advice  and or recommendations on what to do in a situation. I have a somewhat motivated seller, at least I think they're motivated. They have a house in one state and another one in another part of the country. I'm a license real estate agent and met them doing yard work about 3-4 months ago. The house has been vacant for years and it needs a ton of work. Comps show around $225,000 after upgrade of course.  $150,000 - $160,000 with things as the are and thats stretching it. When I say a lot of work, I mean a lot of work. Over the last few weeks the seller has done some cleaning , but the process is very slow. The property has been vandalized and infested with rodent at one time. Again, it's starting to come around. I've developed a really good rapport and connection and when I list it, Im wondering if $150,000 is even a reasonable offer. Those that sold for $150,000 were is a little better shape. The kitchens and Baths were dated but in a little better shape. Balance on the property is $121,000. What I'm wondering is if there's a way I could help her with getting out of the property buy either buy it myself with out having to go thru the bank. I knows she's expecting to get at least $20,000 after it's all said and done. I think they're paying  about $1000 a month. I'd guess and say the property needs about $50,000 worth of repairs. Any information would appreciated. 

[Wayne Brooks]

Your best hope is a retail DIY fixer upper buyer.  They can use an fha 203k or Fannie has a similar product.  If she’s “desperate” she has to realize she may not net $20k.  There is no deal here for a flipper.