Setting up Multiple offers to one Property

[Andres Osorno]

Hello,

I am interested in buying an off market property in my area, and am wondering how to structure several offers as I know the seller is open to cash, owner-financing (as long as it has a short term), or regular mortgage type close.

My target price is $265k, which I believe is more than fair as I purchased a property in the same area at a lower valuation some time back.

I was thinking of offering $260k cash. What should my offers look like for seller finance and regular mortgage? I would think the devil is in the details of the other terms, but how about:

$260k cash or,

$263k owner finance with 30 year amortization, 5% interest and 5 year term or,

$265k with 30% down and 70% bank finance. 

Do my numbers make sense (from 260k to 265k) based on the financing options and the seller's motivations? My ideal results would be Cash or Bank financing, as I dont know what the interest rates will look like in 5 years when I have to refinance. Insights are greatly appreciated!

Andres