Buying a property through seller financing

[Jennifer Figueroa]

How structured is this method?  for example, who pays closing costs, seller or buyer? I've been researching how to put a deal together for a potential seller.  this is what i have so far: the sell price is around 300,000 (under), I'll be proposing 10,000 down, 30 year loan with a ballon payment of 7 years, 4% interest, $800/monthly payment to seller.  seller is really looking for a cash sell, so i think it's a stretch.  I haven't call him back cause i don't think he will go for it.  Anyone has any advice? 

[Chris Seveney]

@Jennifer Figueroa

You need to incentivize them to do seller financing

4% interest is not gonna do it for them.

Terms are always negotiable but docs should always be done by attorney / title company