Bocky33

Seller divorced & needs to sell. Current listing expires at end of month. First =74K; Second =13K; appraised 6 months ago for 98K; seller asking 96K. (Yes, I need to pull comps) Offer: 90K with no option consideration - since I will have to spend my money to find and qualify buyer. If comps suggest a value of 98K then I advertise and sell for 102K with $3000 down and offering $100/mo rent credit. Thanx for any/all replies.

I'm new at lease purchasingand have been too scared to pick up the phone. Did so today and found the following. A single mom with 1600 sqft SFR needs smaller place and has found a 2Bdr condo she wants to purchase when it becomes available next month and so, is running out of time. House has been on market since Aug. Asking $99,900 but says Realtor friend said she could ask $106,500. She has owned the home for 25 years - no second on home and new roof in '96. I just need to get that 'first deal' under my belt and if COMPS bear out would offer $93500 (?) on a Lease Purchase with possibly $1000 option consideration; advertize to TB for 108k and $4000 option consideration and 200-300 rent credit. Help me somebody, is this reasonable? This may sound stupid, but when I get ready to present my offer, what exactly do i say? TIA