Posted by Chicago Steve on June 23, 2000 at 09:48:09:
In your reply you’ve referenced both financing and L/O deals. Is there a difference in the amount you are collecting for the two very different deals?
Your input is appreciated.
How much down on your seller finance - Posted by Chicago Steve
Posted by Chicago Steve on June 22, 2000 at 21:39:22:
How much are you able to collect as a down on a $200K house your offering seller financed these days?
Re: How much down on your seller finance - Posted by JoeB(Atlanta)
Posted by JoeB(Atlanta) on June 22, 2000 at 22:03:01:
Hi Chicago Steve, we HOPE to collect 10% down on our sfin homes, we usually get closer to the 4% - 7% range. Of course, you can adjust your other terms (balloon date, interest, etc) when you get less down than you were asking for.
Best of success,
Joe Brillante
Re: How much down on your seller finance - Posted by Chicago Steve
Posted by Chicago Steve on June 22, 2000 at 22:45:38:
Thanks for the reply. What price range are you operating in and what is the median for the area? Some point of referrence?
$200K is lower and mid management, skilled labor, etc…
Re: How much down on your seller finance - Posted by JoeB(Atlanta)
Posted by JoeB(Atlanta) on June 23, 2000 at 09:16:40:
Hi again, the houses we do creative financing or LO on usually fall in the $80k to $150k price range. The lower end of that is first-time buyers and decent/good neighborhoods; the upper end of that is second-time buyers and nice suburban neighborhoods.
Best of success,
Joe Brillante