I am trying to get rid of a home that I have and this Real Estate Agent does some sort of FSBO. Here is the email he sent me. Can someone tell me if this is a good deal, or does it seem like a scam or something.
Chance,
The way the process works is very simple. I would lease the home from you with the agreement that I purchase it in the near future. A lawyer would draw up the necessary paperwork and it would be recorded at the courthouse. I would market the home and look for a tenant buyer. The tenant buyer would move in with the agreement that they would lease the home until they can purchase it. I would be responsible for all maintenance and repairs.
I would pay your monthly payment directly to the bank and we would set the purchase price to match the loan balance whenever the tenant buyer obtains their new loan.
You may not be able to obtain another mortgage for another house until this one sells. That is why I asked you if you would be purchasing another home soon.
I have two homes in Fayetteville right now under this very same agreement.
I will be glad to answer any questions that you may have.
Thank you,
What are you thoughts?