How Much Higher Would You Pay For Seller Financing?

[Tony Nguyen]

Hey guys,

I recently met a seller who owed nothing on his property. It's a good property, under 10 years old, 3/2 with 1300 sqft, etc etc.

The house has comps from 70k (fixer) to 90k (move in condition). It can rent for $1,200 per month. My goal was to buy and hold. The condition of this house is move in ready.

I was prepared to pay 80k with 10% down and he would finance 90% @ 5% with a 10 year balloon. He was fine w/ holding the note, but wanted 100k as the price. I told him I'd meet him in the middle @ 90k and it was my final offer. He told me he wouldn't go any lower than 100k so I walked.

My question is do you usually pay more for the ease of seller financing or no? I am really just trying to see how valuable seller financing is to you guys - thanks for your input!