First Seller Financing Deal: Looking for Advice

[Ben McGuire]

Hello Everyone,

Coming up in May/June my wife and I will be looking to close on a home is West Lafayette, IN via seller financing. This will be our first home purchase of any kind. We know the seller and have a good relationship. My question pertains to logistics. I know we will need to go through an attorney for the contract and a title agency. I’m assuming we will need to set up escrow as well.

If someone who has experience with this in Indiana could give some insight that would be amazing. Thanks!