Examples of promissory note for purchasing with owner finance

[Jason Turo]

I am designing a couple options for the seller of SFR. I want to offer them the ability to sell to me with Seller Financing and I want to have all the paperwork completed upfront for them. Could you share an example of a promissory note you have used?

[Jeff Groudan]

A seller financing promissory note is effectively identical to a promissory note you'd get from wells fargo or chase...

I'd focus on sharing the terms with them (interest rate, amortization period, monthly payments, balloon payment, etc..) and then just say you will close exactly the same way you'd close with a bank mortgage (title company, real estate lawyer, deed of trust, promissory note, etc..)