I would 100% NOT trust a realtor to draw up the financing agreement. Pay a

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Oct 18, 2024
10:59:47am

the rural juror All-American

I would 100% NOT trust a realtor to draw up the financing agreement. Pay a

lawyer.

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the rural juror

Previous username: Cracka
Bio page: the rural juror
Joined: Nov 20, 2003
Last login: Dec 23, 2024
Total posts: 32,015 (2,805 FO)

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Messages

Author

Time

Seller financing: I have a small commercial condo in Utah county that I am

kosmokramer

Oct 18, 10:51am

It's a known method of selling. Most do it with success. The drawbacks are the obvious (what if he doesn't pay, what if

HarlemCoug

Oct 18, 10:55am

I purchased my current house using SF. Worked great…

NorCal_Coug

Oct 18, 10:57am

I would 100% NOT trust a realtor to draw up the financing agreement. Pay a

the rural juror

Oct 18, 10:59am

Do you want to be mired in that if they don't make payments?

mudpupper

Oct 18, 10:58am

There are two ways to do seller financing. You can convey title at closing and take a mortgage back

BYUMizzou

Oct 18, 11:06am

The other hurdle you may run into is a buyer may have to take a loan to come up with 25% of the purchase price. They're

BYUMizzou

Oct 18, 11:43am

correct - OP shouldn't give the loan unless he's in 1st position. Take less money from a different buyer if a buyer

HarlemCoug

Oct 18, 11:47am

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