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Updated over 4 years ago,

Price Kenney's profile image
Price Kenney's profile image
Price Kenney
  • Member since Nov 14, 2018
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Price Kenney's profile image
Price Kenney's profile image
Price Kenney
  • Member since Nov 14, 2018
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Price Kenney
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12
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Innovative Strategies

Buyer / Seller backend deals

Price Kenney
Posted

New to this country, and new to RE. A seller has a house that he owes $100k on. The house is appraised at $130k. Can I (the buyer) legally and ethically negotiate a deal where I buy the property with a bank loan for $130k (the confirmed appraised value) and the seller then refunds me the extra $30k? So he walks away with his true asking price, and I realize an extra $30k in value.

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