How To Structure A Lucrative Seller Finance Deal

[Cory Yoviene]

Hi all,

My business partner and I listed our home in Vilano Beach, FL back on 4/13/2023. We are looking to offload the property and get into a different investment strategy. To do so, we need the equity out of our home. We are looking to add a seller finance option to the listing to attract more buyers. I don't have any experience structure deals on the seller side, so I was looking for some help on structuring a lucrative deal for the buyers. 

Purchase Price: $670k

DP: 10%

Rate: 7.375%

Reno Cost: $50k

Total Equity in Home: $117k

Current list price: $764k - we are looking to pull as much of our equity out as possible to reinvest. How would you structure the deal to appeal to buyers? Higher list, lower rate or lower list, higher rate? Open to any and all suggestions. 

Thanks,

Cory