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Updated 4 months ago on . Most recent reply
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Strategy for Seller Financing
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.
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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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