Seller options for private sale of SFH finance options ??

[Deanna McCormick]

What would be option for financing I could suggest to a seller of a single family home.

Owner (seller) contacted me and want to sell us their house, the owner is ill and son has lived with him for past 8 years, They would like to be able to rent the home from us for the next 2 years after we buy it. this would be private sale no Realtor fees.

What is a good way to finance with out a bank, I have cash and could pay about 2/3 of cost of house upfront and do some type of arrangement for payment on balance. Credit is no issue just trying to avoid bank involvement, if I can suggest option to seller he may consider.