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Updated almost 9 years ago,
seller financing
I'm structuring an offer for a seller who has indicated he may be open to seller financing.
He's an older guy so wants it to be relatively short-term. I think I can make the numbers very attractive for him. Asking price is 250K and I want to offer an approx term of 120 months for payments.
Just wanted to get some feedback on what a typical deposit amount to offer in this situation would be (5/10/20%???)
Also, how much would a typical seller reasonably expect to make above the asking price by agreeing to financing it over a period of 120 months?
Thanks, as always!