How does this 3-different options offer look? (seller financing)

How does this 3-different options offer look? (seller financing)

Specialist · Salt Lake City, UT · Member since 2018 · 30 posts · 5 votes

I recall someone talking about sending multiple with different terms.  Here's what I created in an attempt to get either a lower price or better payment terms with seller financing.

Background:  This is an international property in a Country that it's fairly common to ask for payments.  The payments typically are 1-3 years (but there's no real standard) and don't have additional interest added.

Asking price: $280 Million (different currency than USD)
Last year's asking price $250 Million (we assume the price increase is because of inflation)

The owner doesn't seem in a hurry to sell and when we asked if he'd negotiate last year at $250 million he said no.

I'd like to offer the following 3 options to see if any of these work for him:

Option 1: 
250 Million upfront 

Option 2:
140 Million upfront
130 Million in 6 months. (Total of 270 million)

Option 3:
140 Million upfront
70 Million in 6 months
70 million in 12 months (total 280 Million)

My wife and I like all 3 options.  Just looking for feedback on if this is something you'd do.  (I figure worse he can do is say no and then we're in the same place as we are now).  The goal here is to make Option 3 (his asking price) look more appetizing.  But we'd also be happy with option 1 or 2.

Thanks for reading!

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  • Vince CraigPro Member
    Real Estate Agent · salt lake city · Member since 2019 · 43 posts · 31 votes
    2y

    Why not just offer all three? Something like... Mr. Seller, We really want to make this deal happen. We've structured three ways we see this working. If any of these work let's get it done... If not, please help us understand how we can come to terms... 

  • Member since 2020 · 49 posts · 27 votes
    2y

    @Jeff Lundeen how did this multiple offer attempt go?

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