Posted by Stan on May 09, 2007 at 12:39:59:
Just a standard purchase contract. We can tell you how to make the offer (well, limited that is(. You are going determine what will work for you. For instance, the most important item, if they are going to finance it for you is going to be the terms. This isnt the only important item, but I think is the most important. The terms make up the structure of the deal. They may include (but not limited to) purchase price, down payment, interest, payment frequency, payment penalties (ie, no payments, prepayment, etc), balloon payments (if any). You need to decide what terms you can live with and present it to the owner. He will either agree, or disagree. Pretty simple. When you both sign off on it, you have a signed contract that you will need to close on. This, I would take to your attorney. Come up with the terms you can live and make money with and you are almost home.