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Seller wants us to take over solar panels loan

We saw a house today. Built in 2001. But because I’m in love with the layouts of back then. I love close concept vs new open concept homes.

It’s a decent amount of square footage, pool and a it’s a waterfront property.

Beautiful home. But seller has 30 + solar panels on it. He still owes 70k on them with 17 years left. And monthly payment is $420.

House has been on the market for a while and husband just looked at me and said “no wonder.”

As soon as we walked in, our realtor got a message from other realtor telling him seller knows that amount can’t be rolled into the mortgage so he either wants us to take over loan & pay $420 a month or increase price by 70k

But let me note, that information is nowhere to be found on the realtor website. So people are going in thinking they will be just paying for the selling price or lower if negotiable. I feel like it’s a false advertisement to some degree.

I’m so bummed. I absolutely loved that house but if we increase the price of home by 70k that would make it a half of million dollar home and there is no way that house is worth that much. People here are buying new constructions for way cheaper.

Any suggestions? Or any stories that ended positive? I’m afraid this seller might not budge.

submitted by /u/ordinarygurl
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/1ewqhu5/seller_wants_us_to_take_over_solar_panels_loan/
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