Help Please(buying A House)
An owner of a home is willing to sell their home for $250,000. The owner is willing to finance the entire amount over 20 years at $1800 per month. I believe the house is worth a lot less than $250,000. How can I get the price of the house down and have the owner still have the face amount of the contract at $250,000.
any help would be great!
Do you wane to finance the 250 or just have a cost basis?
If it's cost basis, what about a seller credit in escrow, or an out side agreement.
I don't see the attraction of paying 250 for something that isn't worth it.