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Updated over 8 years ago,
Seller wants to stay after the sale
Seller wants to sell her mortgage free home to me.
Haven't decided on a price yet. She wants to stay living in the home until her death. She is 80 years young.
She will cover all utilities but doesn't want to pay much rent ($200) or so.
I will be responsible for all typical homeowner expenses plus repairs and maintenance of the property.
Even if I buy at a discount price, I'd be subsidizing this "renter" for the rest of her life.
Any thoughts on structuring a win win offer ?