Seller Financing Advice & Feedback

[Tara Montgomery]

Hi I am considering offering seller financing for a property and want to get ideas on terms to offer and a general experience that any bigger pockets members had as this would be my first time offering this. My initial idea was 10-20% down with 7% interest rate for 10 or 15 years after doing research. 1 person suggested a balloon at the end and another person advised against it. Please tell me if any of you have done seller financing before?  How did it work out? What were the terms? Was it worth it? Looking for a discussion for ideas on what I should consider from those more experienced in creative real estate financing.