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Updated about 1 year ago on . Most recent reply
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Using a realtor to buy with seller financing
Hello guys, I am figuring out how to make my purchase in the next months, and I am thinking about seller financing. This question is directly for the realtors in this community , how do you guy work with a buyer that want to use this strategy? thank you so much for your help.
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Quote from @Christopher Jason Lloyd:
My fee would be paid by the buyer in most cases unless the buyer brings a significant enough down payment to provide the seller enough proceeds to cover my fee that would be laid out in the contract (which is still your cash funding my fee, just worded around differently). So if you are using a real estate agent and seller financing, just keep in mind your cash will be used to cover your agent's fee
Thank you so much, you help me a lot with your response. Another similar question, i will appreciate your response. If instead of doing that, I finance with the bank the 80 % and then with the seller the 10% or 15%, in this case does the seller has enough money to pay the commission or the commission is in all the cases pay with the down payment provide by the buyer?