Special offer

Interesting seller assist.

By
Title Insurance with US Property and Appraisal

 

Check this out!

 

Another link!

 

This guy is offering his home for a little under 400k.  Nice house around me.  However, upon his and his wifes death, they are offering to give the amount paid back to the buyer.  Esentially, a free home after they die!

 

They have no hiers, and just want out of the house. Not a bad deal at all unless they spend ALL of their net worth!

 

 

Comments (3)

Paul Slaybaugh
Homesmart - Scottsdale, AZ
Scottsdale, AZ Real Estate
Now those are some trusting sellers!  Sounds like a recipe for a sniping to me.  "Gee, these payments are really getting tougher and tougher to make ... guess we're gonna have to kill the Smith's."
Oct 30, 2007 06:22 PM
. .
US Property and Appraisal - Pittsburgh, PA
I thought about that, they are kind of putting themselves out there to be whacked! It would be a similair situation as life insurance!
Oct 31, 2007 01:12 AM
Arizona Real Estate Associate Broker
MR Realty - Mesa, AZ

Hey Nick - Now that is some serious FSBO's sellers. What will someone thing of next. I'm curious as to how these sellers intend to make sure the buyer is covered upon their death? If they don't need the money and want to sell, lower the price and move on. I just don't get their approach??  But if they want to sign the house over to me and we can work out their retirement in Arizona, perhaps we can make a deal. Door #1, Door #2 or Door #3???  Sheeesh....  I wonder if they thought about doing a house swap. Let's find them a house swap and we can all win/win.......

Thanks for the fun and interesting story. 

Nov 26, 2007 04:03 AM