How would you handle this situation?
Parents are recently deceased and there is a large family home in serious disrepair that needs to be dealt with.
Multiple agents have been interviewed.
Family is looking for answers. How much do they put it on the market for?
The neighborhood is very hot. Offers are made sight unseen for the location.
there is a family member who wants to purchase and live in Grandma's house and is willing to do the work.
But at what price do you let this relative have the property?
What price would the open market bring? What would be fair to all the family members?
One solution: Have the family member get qualified and make their best offer. Then exclude this relative in the listing agreement.
The MLS may read 'excluded party'.
The excluded buyer may be for a specific amount of time.
If the relative completes the transaction...there is no commission to the agent.
Would you take a listing like this?