Creative Financing with Neighbor's House

[Maria W.]

My neighbor right next door is about to list his house for sale. I want to present creative financing options to him so he could potentially become the bank and I can make payments to him at a lower rate so it's a win-win scenario for both of us. How exactly does creative financing work and how would the sale actually happen? I'm also trying to use his agent to do the deal at 3.25% rather than the normal 3% he might get. Thanks in advance for any help!