Received an offer for me to seller finance at 0% interest?

[Max Gradowitz]

I'm selling one of my properties and I have been open to the idea of seller financing since interest rates have increased a lot in the last few months, so I advertised that I'd be open to that. Today I received an offer at asking price, seller financing at 0% interest, 10% down, payments amortized at 30 years, with balloon paid at 15 years.

This was definitely not the terms I was expecting, particularly the 0% interest part. I can't seem to see how these are good terms at all. Is there something I'm missing here? Is there any reason I should entertain a 0% interest seller financing with balloon paid at 15 years?

[Joe Villeneuve]

OK, I'm back.  Now, what was it I was laughing at?  Oh,...right,...the zero percent interest the seller offered giving "Seller Financing".

This could be the most ridiculous thing I've ever heard in relation to REI. The interest rate is the number # reason why a seller would even accept seller financing. This might be the greatest deal you ever make...depending on the rest of the terms.