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Updated almost 11 years ago on . Most recent reply

User Stats

18
Posts
6
Votes
Blake Hufman
  • Seattle, WA
6
Votes |
18
Posts

Seller financing question

Blake Hufman
  • Seattle, WA
Posted

Hi everyone,

When looking at a deal that is offering seller financing, is it better to offer the terms I want first? Or ask the seller what kind of terms they want and then counter with mine?

Thanks in advance.

Most Popular Reply

User Stats

139
Posts
49
Votes
Griffin F.
  • Wolcott, CT
49
Votes |
139
Posts
Griffin F.
  • Wolcott, CT
Replied

@Blake Hufman Whenever the seller is offering financing, they certainly are motivated. A note of caution to do extensive due diligence prior to any commitments. The sellers' motivation may stem from a hidden property issue. Ask questions and find out his motivation.

If you're willing to pay his price - then it should be on your terms. But, it always comes down to what can be negotiated. Always just ask - you'll be surprised what you can get from just asking!

George has a good point - the upper hand - thus, leverage the sellers' motivation

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