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re: Profit or Pitfalls of Seller Financed Home Sale

Posted on 12/6/17 at 12:27 pm to
Posted by bayou choupique
the banks of bayou choupique
Member since Oct 2014
1818 posts
Posted on 12/6/17 at 12:27 pm to
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 by Fat Bastard
coach, investor, gambler
Member since Mar 2009
73294 posts
Posted on 12/6/17 at 9:43 pm to
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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