I overheard the details of an interesting deal cooking at ChangingStreets today. At first I thought LuAnn had spiked everyone's coffee. Again. But the more I heard and the more I thought about it, the more it made sense! I am going to share it with ya'all to maybe inspire some good creative ideas that will help your clients!

Buyer/Seller H lives in the Grand Blanc district and is looking for something bigger. Their sale price is 140k. Their shopping price is low 200s. The house is gorgeous and "feels" as good as it looks. There is no reason that it hasn't sold other than all the competition from the low priced short sales and repos.

Buyer/Seller K live in Flint in a well maintained adorable house. Having recently gotten married and started a family, The K's are ready for a change and wanting to move closer to Family toward Grand Blanc/Davison. Listed at what they owe, the $40k price has proven to be too high for investors to pay and being situated in a highly concentrated rental area, no buyers are biting.

Both Sellers have ALMOST sold their homes a couple of times, and both Sellers have lost their "dream home" more than once to ready buyers, while they watched it from a far, hoping for a purchase agreement to come through their door before that of the one they wanted.

Both Sellers have briefly entertained the idea of buying the house they love and maintaining two mortgages, and both ultimately decided against it. Until a few days ago. The Sellers H found yet another house they loved and the price was good enough that it made them think about two mortgages again. They decided that in addition to the new 200ish mortgage, a second $140 mortgage was just too high... but that's where the wheels started to turn...

What if Seller H bought Seller K's house, which would free Seller K up to buy Seller H's house, then Seller H, having only a $40k mortgage on the side, would be able to afford the morgtage on the new house he's mooning over? To top it off, don't feel bad for poor Seller H who has to buy two houses to make the deal work because that $40k house is so cute and in such great shape that he is going to be able to throw a renter in there to cover the second mortgage and even MAKE some money on the deal!

Both parties are pretty excited and are spending the next few days looking at each other's houses, working with their lender, and hammering out details!

How's that for brainstorming?! Any other cool deals going on out there or that you have already closed? Share them! We all need as much creative thinking we can get right now!