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Updated over 8 years ago on . Most recent reply

Sherry Patterson's profile image
Sherry Patterson's profile image
Sherry Patterson
  • Real Estate Broker
  • from Fort Worth, TX
  • Member since Jun 17, 2015
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Sherry Patterson's profile image
Sherry Patterson's profile image
Sherry Patterson
  • Real Estate Broker
  • from Fort Worth, TX
  • Member since Jun 17, 2015
Connect
Sherry Patterson
  • Real Estate Broker
  • Fort Worth, TX
124
Votes |
220
Posts
Buying & Selling Real Estate

Owner Finance

Sherry Patterson
  • Real Estate Broker
  • Fort Worth, TX
Posted

I am trying to help a friend buy a property through owner finance and I have not done that before.  The seller wants $9K down and the buyer only has $5K so the seller is giving the buyer 3 months to pay off the other $4K.  During this time the buyer wants to live in the house.  Do you have any suggestions how to work this deal?  Also what contracts and procedures are needed for owner finance?  Thank you so much for your help! 

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