I heard on the grape vine the seller is open to seller financing?

[Marcello Di Gerlando]

Hi all, long time BP member here, never posted on this forum.

As concisely as I think I can make this post:

Q: When is it appropriate to bring up seller financing? at the initial offer or later in the process?

My experience with real estate purchases has exclusively been cash purchases. However, an opportunity has presented it self where the seller, apparently, will consider owner financing. I already made a low ball cash offer on this same property earlier this year and it was rejected (property is priced way above market in a fixer upper condition).

A subsequent offer by another buyer fell through due to bank financing (predictable). Now, the seller has come back to me to see if we are still interested. I think if the seller would consider financing I would increase my offer from my initial low ball, but, when exactly should I suggest or include financing terms? at the initial offer or at some later date?

My original low ball was, as is condition no contingencies close in 30 days. I would consider increasing my offer but it will have to include contingencies, inspections, financing etc. Any experience, suggestions or a different approach all together? please let me know.

Seeing the numbers with seller financing is appealing so any tips or tricks to maximize my returns and securing this deal would be appreciated.

Respectfully.