Kind of like a HELOC.But my fear is that living in Afghanistan it may be hard to find lenders and close deals quick.

Kind of like a HELOC.But my fear is that living in Afghanistan it may be hard to find lenders and close deals quick.

First off - if it sold so quickly before in a multiple offer situation then you're talking about a property that obviously has some desirability.

You are in it for the long haul, not the quick turn around profits. 

I just know that from experience it gets messy really quick if things aren't clearly defined on paper. 

According to the realtor, this transaction has been approved by the hard money lender and title company already.I have set a firm price at $100k, which is a good deal for the buyer, but I'd like the quick sale.Here comes the sketchy part: They would like me to accept payment of $125k with $25k being commission for the realtor, which the realtor is then going to use to pay the down payment. 

I hope everyone has a safe and fun pre-holiday weekend.Thank you.

HUD consultant stated that it was safe for me and my family to live in the property.

I would make the decision based on the math and protect for contingencies, i.e. make sure you have sufficient funds to complete the remodel (I like 2x to be safe) and have a plan if things get delayed or the market changes to make sure you don't get stuck with the higher rate for too long.

If they are professional, they can explain this quickly and easily.