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?