So, we've been looking for a home around the 225K price range, and haven't had any offers stick for about a month. Now, my parents have decided they want to move and are offering their home to us. The home is valued around 260K, and they've offered to us for 220K. They still owe 170K or so on the mortgage, and we have around 18K in cash on hand. What's the best way to go about this process?
Our realty agent said he'd give us a break on his fees to nearly nothing, but he's helped us look a lot, so we want to also ensure he receives some sort of compensation if this were to work out. (Although he'd also get a benefit from my parents' purchase.) Thanks for any advice in advance!
Submitted March 27, 2017 at 08:46AM by KickinUpANotch http://ift.tt/2n904xb
