Quick sale
Inherited house, needs work
A family inherits a 1970s house. It needs a roof, HVAC, and updates, about $45,000 of work. Fixed up, it would sell for around $260,000. Nobody wants to manage a renovation from out of state. I offer $135,000 as-is, close in 14 days, and cover the closing costs. They take the belongings they want from the house and leave the rest.
Quick sale
Behind on payments
A homeowner is four months behind with a foreclosure date coming up. They owe $60,000 plus about $4,000 in back payments and fees. Fixed up, the house would sell for about $170,000, but it needs $25,000 in repairs. I offer $80,000 and close in 10 days, before the sale date. The loan and back payments are paid off at closing, and they walk away with about $16,000 instead of losing the house.
Terms sale
Paid-off rental, owner wants full price
A retired landlord owns a rental free and clear. It's worth about $220,000, and he wants every bit of it, but he doesn't need it all at once and would like steady income. I pay his full $220,000: $20,000 down at closing, then $850 a month for 10 years, with the remaining $98,000 paid at the end. He gets his price, a monthly check, and no more tenant calls.
Terms sale
Owes close to what it's worth
A couple relocating for work owes $168,000 at 3% on a house worth about $180,000. Listing would cost around $16,000 in commission and closing costs, so they'd have to bring about $4,000 to closing. I pay them $3,000 at closing, take over the $1,050 monthly payment, rent the house out, and pay the loan off within about 5 to 7 years by refinancing or selling. Until then, the loan stays in their name. They move on without paying to sell, and the payment stays current.
These are examples, not offers. Every deal depends on the house, the loan, and your goals. Talk with your own attorney or tax professional before you sign.