I realize this is a bit of a longshot, but I figured with everything crazy in the world going on right now, it’s worth a try.
Currently in the process of relocating halfway across the country for a new job. Already accepted the position and put my current house on the market. It’s been on the market about 2 weeks. It’s a nice hosue at a very competitive price in a fairly warm market. Has lots of views/favorites on Zillow and Redfin, especially considering the size of locale and amount of time it’s been listed.
I checked, but unfortunately Zillow home offers or any of the more reputable homebuying companies aren’t in the area yet.
New state is a cooler market and I’m looking at a much higher price point, which is much cooler on top of that. Really a buyer’s market and lots of good choices. One such house is being sold by a relo company that is desperate. The price has been cut several times, and it’s been on the market nearly a year. I’ve toured and talked to the agent. The owners do not have a GBO so they are getting desperate too and are willing to play ball. It’s a fantastic house, and I’d love to buy it, the newly reduced list price is very reasonable even without additional negotiation (which they are open to). The only thing stopping me is selling the stupid house I own now.
The house in state B is more than twice as expensive and has much higher taxes, and has been on the market nearly a year. I’m wondering if the relo company/owners are getting to the point where they’d be open to something a little more creative.
Would it be possible for the relo company to buy my current house to allow me to buy the new house? I can put a big deposit or something if it would help and make more than a 20% downpayment (at list price) provided I can get rid of my current house. Taxes/mortgage are about 1/3 of what they’re currently paying for house B, and it’s in a much hotter market at a more accessible price point. I figure they are probably getting tired of carrying those. The area is also not nearly as effected by coronavirus. It’ll probably sell as soon as the pandemic tapers off, and I’m sure would have sold by now without the pandemic.
Is this even remotely possible? Should I ask my agent?
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source https://www.reddit.com/r/RealEstate/comments/ga0ttl/negotiating_with_desperate_relocation_company/
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