What should we offer??

[Heather Pelletier]

My husband and I looked at a 2 family home today. The sellers are open to creative financing and I am wondering if there is a way to create a win/win situation. Right now they are asking WAY to much for the property but I was hoping with all of the intelligence out there someone would come up with a creative way to work this out.

Here's the #s.
asking price $180k
fair market value$130-170K
taxes- $1400/year
water/sewer- $600 year
insurance-?
current rental income- $1250 the rent could be increased $1450
The house is in good shape, updated interior, new roof, paved driveway, updated electrical.
They currently owe $80K on this house.

What would you offer? I know they need to sell to pay off some bills.

Thanks in advance!
~Heather~