Disposition value means what a motivated seller would accept (lower price).

The major one is the seller receiving cash.

On the seller side, relentlessly putting you brand in front of them month after month will put you top of mind when they are ready to list.

Ask the title company to do their standard title insurance work for both buyer and seller.4) Do the due diligence on the property and allow the bank to do their underwriting process.5) Schedule the closing, wire the money, and sign all of the documents to transfer ownership.Is there anything that I'm missing or have left out?

It all depends on the level of demand.

yes it worked well seller suggested it.

We are buying directly from the seller, so no RE commision on th buy.Any advice for a newbie flipper?

If you're submitting an offer for a client or for yourself this week, remind the seller of that! 

Is it seller financing?

Now if you're buying direct to seller you're going to have property owners swear that their tenant has never been late in the past 300 years until it comes time to collect prorated rent at closing.