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Updated about 14 years ago on . Most recent reply

User Stats

67
Posts
16
Votes
Bob Yon
  • Real Estate Investor
  • Salisbury, NC
16
Votes |
67
Posts

What terms shoud I use

Bob Yon
  • Real Estate Investor
  • Salisbury, NC
Posted

I've just gotten a verbal agreement from a buyer on a house that I am selling with owner financing (wrap mtg).

We settled the deal based on amount of down payment and monthly payment, but did not settle on the actual sale price.

My question is should I sell with a higher price and lower interest rate or lower price and higher interest rate? What other details need to be considered in making this decision?

Thanks,
Bob

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