How to inquire about the owner financing the deal?

[Anton Taylor]

I've recently been doing a lot of reading on the forums about seller financing. I recently viewed a property and learned the seller is recently married and decided move in with his wife. I would love to work out a seller financed agreement but never attempted to pursue a seller with this option.  During our conversation the owner mentioned he didn't rent the property because he doesn't want the headache. The property has been on the market a little over a month and they've received 1 offer that he thought was very insulting. This made me a little hesitant on inquiring about owner financing. However, I've gotten over it and feel ready to move forward after looking at the numbers.

It seems pretty simple to just ask if he is open to owner financing?  Oh yeah, his wife is the listing agent!

[Brent Coombs]

Originally posted by @Anton Taylor:

@Jody Schnurrenberger thanks for the response. After chatting it over with my wife we decided the numbers meet our criteria. However, I think it safe to say, you don't know unless you ask!

I'm really intrigued by the seller finance strategy. It's seems to be a great win-win option for both the seller and buyer.

Anton, you can ask the Seller to view their circumstances as if they are a Bank. Banks are in the business to make money. Why wouldn't the Seller want to achieve the same result? ie. It needn't be about a one-off amount that flows from your account to theirs. It could be about the "free" money that they'd get from the interest that they'd charge! 

The home would actually remains theirs - until their loan to you is paid in full!

Why wouldn't the Seller want to earn all that amazing free money that they'd get, by amortizing a loan to you? Cheers...