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[quote=Anonymous]My sister got a house 110K less this way. Owner was wealthy and very entranced in neighborhood. She was building a big mansion.

She was not living neighborhood. House was easily worth 1.1 million. My sister was a teacher at her kids school and had three young kids same age her kids, and the same age as neighbors kids.

She skipped realtor sold to sister 990K and allowed sister time to sell her starter home and she closed on her house and bought new house same weekend.

BTW when we sold my moms house in an Estate sale my sister wanted to do same. We did a little off for a family starting out, we agreed up to 5 percent. Our lawyer said lets put a clawback provision and a stipulation on title they cant sell for ten years or tear down home for ten years and if they do the discount has to be paid back. Either way someone bought home in a bidding sale for top dollar as is no mortgage and never did it.

Ironically, the flipper saved home for infinity. it was Spring 2004 and flipper went route of renovating whole home top to bottom rather than tearing down. Market got weak and he ended up doing, driveway, roof, windows, basement, kitchens and bathrooms and barely got out in 2007.  Once that huge amount of money put into the 1923 Sears Craftsman home it kinds guaranteed it will stay forever. My sister was just trying to save house and put someone neihbors wont hate us for. But the cash flipper did us all a favor.         
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