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re: Profit or Pitfalls of Seller Financed Home Sale
Posted on 12/6/17 at 12:27 pm to ynlvr
Posted on 12/6/17 at 12:27 pm to ynlvr
I would not do it. Something is a red flag if they have 10% and can't obtain a traditional loan. Offer some incentives when you list your house if you want to look attractive to other buyers.
Posted on 12/6/17 at 9:43 pm to bayou choupique
quote:
Something is a red flag if they have 10% and can't obtain a traditional loan.
not really. maybe he is out of fannie mae backed loans if he is a serious investor or it might be credit(more likely) and/or cash. owner financing can be done to be a win-win. the seller/owner needs to dictate terms in contract. if he can foreclose he keeps all money and he can start over again.
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