Advice with renegotiating a price

[Shawn Connors]

Hey BP, So I have a house under contract. Originally the seller said she would not go any lower than 75k. I talked her down to 42k. My situation is this- the price is a little too high for the area and I can't find a buyer for anything higher than 40k. I have talked with multiple seasoned wholesalers and they all think the price is too high. I now have to renegotiate with a seller who I've already talked down significantly. I am looking for some advice on what to go back to the seller and say. She's an 83 year old woman and needs the money for the rest of her life. I feel terrible, but I'm trying not to let my feelings get in the way of business. Any advice would be great. Thanks !

[Stuart Birdsong]

Originally posted by @Shawn Connors:

@Micah Copeland 

She had the house listed for 2.5 years with no action.  

@Stuart Birdsong

If she is aware that you were going to find an end buyer I would simply explain to her that at the current price you can't make this work and that you wish her the best of luck moving forward. If she asks you what price works, then you can share that with her and see if she is willing to make it happen. I have found that in other investment deals(not wholesale transactions), if I can't make the numbers work, I just walk away, most times the seller will come down on price, if not then on to the next.