Sitting Down With Seller to Discuss Seller-Financing

[Dillon Francis]

I have been listening to some of the podcasts where the guests have been discussing seller-financing. I would like to learn more about the process from the buyer's perspective. Does anyone have any advice in regards to how to approach a seller who is offering seller-financing? Or maybe how to suggest seller-financing as an option to a seller who hasn't already offered that option? Is this option only common for properties listed as "for sale by owner"?

In addition, what would the buyer need to have prepared when they actually sit down with the seller to discuss the terms? Any advice or information is appreciated!