FreeThinkCritical

We toured a single family home of this woman whose husband died. She’s sentimental and has a lot of positive memories in the property. It reminds her of her husband and the memories they built together. She aligns a lot with us. She knows how we do things and she loves that we will preserve what her house always was. She called me today and she wants me to buy her house so badly. She said she dreams that it’s our house.. She hasn’t listed it with anybody or even tried to sell it to anybody else other than me. I know her because I buy raw milk from her niece. Anyways, we toured the property and she fell in love with us. We more or less ghosted her for a bit because we are in the middle of more than 5 renovations and the price doesn’t make sense. I would rather her get cash, but she will get offers in the 50s and she doesn’t deserve that. She’s a lovely woman and this house truly is beautiful. Lots of upgrades, just needs a fair deal of renovation. It’s $123,000 which is expensive given our market and the fact that it needs a new roof and siding. I talked to her on the phone today and we talked for a half hour. Something she said to me that really stood out is how she doesn’t think in terms of interest. She’s willing to do whatever it takes with us as long as we’re the ones who end up with the house. Getting rid of this house is something that has been on her mind so it’s definitely a pain in her life. The joyful memories of her husband are being tormented by the grief of their home being destroyed with a problem house that needs love. We also discussed today how she is preparing to pay property taxes and that she’s hoping she has enough to get by. What I’m going to do is offer a long-term loan. She is willing to take payments for up to 15 years. What I’m going to do is offer her a loan with a higher payment but very low or zero interest so that I can make this make sense. We will probably be upside down for a while, but the house actually is old school and cool and it would crush as an Insurance rental or Airbnb. I’m going to put something together tonight and send her an offer.