I inherited a home that needs a lot of work and consulted w/ a realtor who said it's likely for cash buyers as a bank may not mortgage it for roof reasons. I know a serious buyer who offered to buy it "as is" at 12k less than the sale price realtor estimates. There is an option to put it on the market per usual and sell for more (despite my first sentence, most of the interior of the home is renovated).
There's a Right of First Refusal agreement with a local institution that further complicates the matter- for those who don't know, it means once someone puts an offer on the house, I legally have to present that to the institution, which would decide whether or not they want to buy it and if they do, they pay that offer instead. So, there's a chance the institution would buy it and I don't want to shortchange myself with that kind of pocketbook (the only reason I would open it up to the market). I'm pretty sure they'll demolish the home if they buy it.
If I go the FSBO route w/ potential buyer, the realtor confirmed they can do a flat fee instead of commission to assist with contracts & such. The potential buyer is a smalltime real estate investor and handyman, and is encouraging me to forgo a realtor to avoid the expense, confidently stating "all we'd need to do is have a Purchasing Agreement and lawyers involved. I can do all that stuff"
I've never owned or sold a home, and I'm pretty risk adverse. I also have limited bandwidth and time to "figure it out"...whatever "it" is. Is it really as simple as the potential buyer says (FSBO w/ no realtor involved), and if so, what are the risks I should consider? What option is the wisest?