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Updated over 10 years ago on . Most recent reply

User Stats

105
Posts
10
Votes
Matt Ellis
  • Sumter, SC
10
Votes |
105
Posts

Possible Deal? Owner finance maybe

Matt Ellis
  • Sumter, SC
Posted

I have an Owner that would like to sell his home. He does own it free and clear but owes less than 30K. It comps at 53K and he is asking 57K but is willing to go down to 50 and and also said he would owner finance but he didn't want to owner finance for 30 years. The house is a remodeled ( doesn't need any work) 2bedroom/1 bath. He has been renting it out but no longer wants to be a landlord and wants to sell.  I am thinking some kind of owner finance offer but I am not sure what to offer.  Someone mentioned to me a Land trust would work but I am not totally familiar with that. Can someone give me a lil guidance?

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