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Updated over 9 years ago, 10/02/2015
Advice with renegotiating a price
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 !