Low equity, a 2022 rate - and a full-price exit.
Bought near the top of the market with little down, the sellers owed almost what the house was worth. Every conventional offer meant writing a check to leave.
The situation
A conventional sale at market price would have cost the sellers money after commissions and closing costs. Their broker, Andre Scaife of RE/MAX, brought us the file rather than let it expire.
The structure
We purchased at $548,000, taking title subject to the existing loan. Because no payoff was forced, no discount was needed - and Andre’s full commission was written into the structure before the offer was presented.
The outcome
Closed in twelve days with no appraisal and no financing contingency. The sellers walked away clean.
“That last sub-to deal was a win all around, 12 days to close and everything went super smooth. You kept things straightforward the whole way, and I can’t thank you enough for that”