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Updated 12 days ago, 12/09/2024
Seller Financing: need advice on how to pitch
Hi all, I’m looking to negotiate a deal thats a mix of seller financing and conventional lending. What are some pros that I can highlight from the seller’s perspective.
Here are a few that I’ve come up with:
1) monthly income at a higher interest rate;
2) avoiding a larger tax bill by reducing the purchase price (on paper);
3) a promissory note that they could potentially sell down the road.
Any other major ones I am missing?
I’m waiting to connect with the realtor to get more information about the sellers background / potentially speak direct to build a bit of a relationship.
For further background, I’m looking to purchase a spot around 750K, but want to seller finance 100-200k of the price to reduce the need for a large down payment / keep myself liquid for renovation costs.
Would appreciate your guidance/thoughts. Thanks in advance.