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Updated about 8 years ago,
First deal help - possible seller finance?
Hello,
I found a property in Evans, GA in a very well established and esteemed neighborhood. The house was built in 1978, and the original owners have it up for sale. I did a walk through yesterday and as you might expect, it is outdated as far as appliances, kitchen, and layout are concerned. They are asking $269k for the property, which comparing other houses that are more move in ready in the neighborhood, I believe they are asking way too much. From the look of the property, it hasn't been lived in for quite some time, though the structure looks to be in good condition, there are apparent signs of neglect in the landscaping and cleaning of the inside.
After doing some research, it appears the owners have purchased a smaller newer home in the neighboring county, and they appear to be retirement age based on facebook postings. (feeling like a stalker now).
I'm considering approaching them about seller financing the place at just over half the price they are asking. My price point is based on what I have evaluated fixing the place up, and modernizing would cost.
How does one approach someone about seller financing without being creepy, or rude? Do I start by sending them a letter? Facebook message?
My intent for this home is to live in it for a couple of years, then sell.
Any advice would be appreciated.