Posted by Bandman on September 05, 2003 at 21:13:03:
Whatever the market will bear, be it good news or bad.
What is seller financing worth? - Posted by JC in Seattle
Posted by JC in Seattle on September 05, 2003 at 20:47:56:
What’s the advantage of seller financing? Is it just a matter of being cheaper money than is available elsewhere? I am trying to learn how to make alternate (higher) offers if the seller will finance, but don’t really have a grip on how much more to offer. I am a wholesale flipper. -Thanks!
Re: What is seller financing worth? - Posted by Gary(VA)
Posted by Gary(VA) on September 06, 2003 at 10:39:40:
In my opinion seller financing is worth a lot.
Sellers don’t usuually charge points, require appraisals or assess many of the burdensome fees that mortgage companies charge and which reduce your returns. Seller financed transactions are usually very straight forward involving primarily a deed and promissory note. They close quickly. Seller’s are usually more flexible than mortgage companies. In addition to the possibility of a lower than market interest rate seller financing can be worth several thousand dollars.