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Updated almost 8 years ago on . Most recent reply

User Stats

26
Posts
4
Votes
Peyton Lawler
  • Cromwell, CT
4
Votes |
26
Posts

Seller financed home

Peyton Lawler
  • Cromwell, CT
Posted
Hello, I'm looking at a property where the owner is asking 100k for his home that Zillow has estimated is worth 150k and the owner is only looking for 8k down and 750 a month with no interest. I have a few questions now that you know the situation a little and if you need more details let me know. But should I get a more accurate estimate of the property and how via other property comps? Also could I whole sale this deal since it's owner financed? And or would it make more sense to buy and fix my self? Thanks, Peyton

Most Popular Reply

User Stats

90
Posts
31
Votes
Tan Mehedi
  • Engineer
  • Douglasville, GA
31
Votes |
90
Posts
Tan Mehedi
  • Engineer
  • Douglasville, GA
Replied

Peyton Lawler find the ARV of the house by running comps or talking to local realtors. DO NOT give any cash or check directly to the owner, open an escrow and give it to the escrow company or title company or closing attorney.

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