I have a seller that owns a property free and clear and is willing to provide financing with little down and low monthly payments. I have a buyer(s) interested what is the best way to structure the deal so that I’m protected, it’s one of the deals where the seller puts the $500 down $250 per month sign in front of the house. The seller isn’t allowing for an option or wanting to pay a refer fee…suggestions?
good to meet you…
Ultimately you need to position yourself from a buyers perspective… Where is your worth if they can just go straight to the seller? With that said if they cant then buy the house and resell the house making certain you do not allow the seller to attach a restriction upon you selling without paying the loan off at transfer…
This one seems easy…
Happy house hunting
Michael
Michael,
Thanks for the advice, great to meet you as well…I was thinking along those lines but always looking for added insight. The buyer(s) do not know where the homes are located, now of course when they view the property they will then have the seller contact information which is why I was thinking of buying the property first. Michael I guess where I’m having trouble is…I’m in a different state as to where these homes are located I know the area,have bought there and I can find local buyers for the homes. The seller has quite a few homes…I can move the inventory, but they will not allow me to finance multiple home via seller financing. I hope I’m painting the right picture…I was never really an arts and crafts guy in school :biggrin Michael any further advice…thanks everyone.
Me either… I couldnt draw a stick figure drawing… Came out like one of those abstract blobs
You have to make yourself valuable to the seller as well… You have what they want and its worth something to them… Bottom line… Open conversation and lock up their inventory…
Careful not to act like a real estate agent however…
Michael