Advice needed with my stratigy

[Account Closed]

I sent out some mailers and one went to a house that is already listed with an agent. The seller called and just wanted to know what I was all about. They are not really a typical motivated seller. They would like to move before summer is over but can wait another year if needed. So here are the numbers...

They are listed at $265k and that is the lowest they will go. When I do my comps I feel they may still be about $10-$15K over priced. Could be less.

They owe $170k and would like to at least walk away with $50k.

I was thinking of offering them $50k for the deed (which I'll need to borrow). Their agent and I sign a new agreement to sell since I now have the deed, and we list for less to sell quickly. $250-$255k range.

I was also thinking I would borrow the $50k from them to purchase the deed (since they may have to live there till they close on there house), and pay them back $50k plus another $10k after closing. Is this too far fetched of an idea?

[Chris Boyd]

I like the way you are thinking! Creative RE is all about finding a way to help everyone get what they want, (for the most part). Continue to talk to the seller and see if you can find their happy place. If everyone wins, it's a deal!