I need help. I have a buyer that has to do aleas purchase who is in desperate needs of a home. She moved out of her apartment and keeps sending me the housed that she likes. The two obstacles with her situation are her lease is between $800-$900 per month, but she only likes big 3br 2ba homes in nice neighborhoods.
The other obstacle is she sends me these homes like I'm her realtor. The latest house that she wants me to work on for her has been on the market for over a year, but was built in 2007...so I figured it has probably been under cotract and fallen out a few times because it hasn't been lived in. The builder is represented by an agent who gave me a tour of the home. At an asking price of $164,000, is this even something that I should be trying to do?
I have to do a lease option in order to be in the deal, but the house is already marked 20k below FMV. How do I negotiate with the builder through an agent to even see if they would be willing to do a lease option? The buyer also only has @$2500 upfront. How could I work this to make a profit, if the builder agrees? This builder is a large national new home chain.
Any help is greatly appreciated.