We called the town office and the seller paid $36 for it 8 years ago in a desperate estate deal (owner died unexpectadly, left wife with 18 properties she dumped in a hurry) The neighborhood is quaint, near a public school, decent.In order to pad the bank account for our down payment/closing, I decided to borrow $3500 from a low interest credit card.

It sounds like they are both desperate...you'll see why in a minute.The national average for the 30 YR FXD mortgage for the week closing Jan. 19th was 6.35% with .24 points (this is with 20% down and a FULL DOC submission for primary residence occupancy).

Good news, due to the real estate boom, I could probably realize about $120k gain after closing costs if I sold at a price of comparible properties.Question: I desperately want to sell, but would like to avoid the capital gains hit.

What I mean is that you are looking for desperate sellers not picky sellers.It wouldn't kill you to dress nice but I wouldn't go out and buy a new car to impress sellers.

i find it hard to believe that he's so desperate to sell that money that he advertises it here, but there's no national ad campaign.

The seller is desperate.

They must be desperate for property tax money.I normally protest all property taxes but since I was renovating extensively and the assessor walked in the front door of my property to take a look...I just let this one pass by.

To succeed, you need to buy at a BIG discount and that is done by finding desperate sellers.

a bank doesn't have the same desperation that an individual might.

The only people that will do that are DESPERATE sellers who have no other choice.