If a borrower can afford to make monthly principal and interest payments of $1000 and the lender will make a 30 year loan at 5.5% ($5.68) , or a 20 year loan at 4.5% (about $6.40), what is the largest loan this buyer can afford?"

I am selling property through seller financing and the buyer would like to have the payments auto deducted from her checking account.

I have sold 2 doubles for 60k bringing in close to the same rents. for years everyone says that Cleveland is just a cashflow market, but prices are going up fast due to the amount of out of town buyers flooding the area. 

Should i get the seller to sign the purchase contract and don't worry about the agent until I find a buyer or should I inform the agent to begin with?

We just don't want to end up stuck paying carrying costs on a 750k-1mil condo while we find the right buyer.

Postpone the closing until damage is repaired, buyer and seller are satisfied and then close.2.

Are you a buyers broker, seller's broker or transactional?

Hi Keziah, I am local Realtor in Monterey.I'm also a Veteran, and know about VA loans.As a buyer you would not incur any fees for the sale process; the seller will pay the commissions.PM me, and I would be happy to answer any questions.Greg

My partner and I already have buyers.  

I have seen FHA deals in under 30 with experienced lenders, agents, and a motivated buyer.