Hi folks!
I have a conundrum, and would like to squeeze some thoughts from the collective genius on here!
An RE rang me recently to let me know there are 3 houses in a row coming up for sale in a small town which i have a good impression of. She said the price would be $169k, but they would more than likely take $140k each for them.
My problem is i've just settled on a place, and all my cash is tied up for at least 6-odd weeks untill i re-finance. Even after re-finance, i still don't think i will have enough for a deposit!
My question is this: How can i present an offer to the RE/vendor to make it attractive enough that they will sell to me, taking the above into account?
My thought was, offer to buy all three at $140k each, one with a 3 month settlement (low deposit), and the other two in blocks of 6 months after that. Effectively taking 15 months to complete the purchase! I would do a minor reno on each in the timeframes and re-finance. Is likely to be accepted by a keen vendor? Is there any way i can make the offer more attractive?
I guess i could always ask for vendor finance, but i think this may be an even longer shot!
Thoughts please!!
I have a conundrum, and would like to squeeze some thoughts from the collective genius on here!
An RE rang me recently to let me know there are 3 houses in a row coming up for sale in a small town which i have a good impression of. She said the price would be $169k, but they would more than likely take $140k each for them.
My problem is i've just settled on a place, and all my cash is tied up for at least 6-odd weeks untill i re-finance. Even after re-finance, i still don't think i will have enough for a deposit!
My question is this: How can i present an offer to the RE/vendor to make it attractive enough that they will sell to me, taking the above into account?
My thought was, offer to buy all three at $140k each, one with a 3 month settlement (low deposit), and the other two in blocks of 6 months after that. Effectively taking 15 months to complete the purchase! I would do a minor reno on each in the timeframes and re-finance. Is likely to be accepted by a keen vendor? Is there any way i can make the offer more attractive?
I guess i could always ask for vendor finance, but i think this may be an even longer shot!
Thoughts please!!