Things to watch out for and possible solution – Mr Rob Evans

Motivated Seller 3 – Mr Rob Evans

Things to watch out for:-

1. Needs refurb – adds value but could need new kitchen.
2. May take reduced price, but lease option opportunity limited as cash required.
3. This is his last opportunity to make money on his house – don’t be tempted to offer too low.

Did you ask?

1. How many children and where do they live? – (what support does he have and how many interested parties are you really dealing with)?
2. When does he need to move?

Solutions:-

1. Part-now / part – later (depending on age and health, any loan agreement needs to be clear on who it might pass to).
2. Discounted purchase (BMV) as long as it is in his best interests.
3. Lease option with significant option fee to cover his living expenses over the lease period. (also depends on his age and health)