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Updated 6 months ago on . Most recent reply

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Lance Turner
  • Investor
21
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41
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Strategy for Seller Financing

Lance Turner
  • Investor
Posted

I'm working on purchasing a unique property that includes a small home on 20+ acres.  The seller owns an arborist business, has been in the home since the late 90s, and owns the house outright.  He wants to move further out, away from the city.  I belive the property will be a challenge to sell because, based on comps, its over priced.  The style is not on the current trends and attractive for a home that's priced 3-4x the average home in the area (nothing high end about it).  How would you approach the seller to plant the idea of seller financing.

  • Lance Turner
  • Most Popular Reply

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    Chris Seveney
    • Investor
    • Virginia
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    Chris Seveney
    • Investor
    • Virginia
    ModeratorReplied
    Quote from @Lance Turner:

    I'm working on purchasing a unique property that includes a small home on 20+ acres.  The seller owns an arborist business, has been in the home since the late 90s, and owns the house outright.  He wants to move further out, away from the city.  I belive the property will be a challenge to sell because, based on comps, its over priced.  The style is not on the current trends and attractive for a home that's priced 3-4x the average home in the area (nothing high end about it).  How would you approach the seller to plant the idea of seller financing.


     IF they want 3-4x what it is worth why even have the discussion? You are just going to be wasting your time vs. trying to close on actual deals. 

    • Chris Seveney
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