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The pandemic swept through the U.S. housing market like a tsunami. Radical price hikes and all-time low inventory accompanied massive migration away from pricey big cities. Four years later, the […]

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Blogs One last thing to know before I dive inMy first seller financing deal - both parties lack experience

Posted over 8 years ago

My first seller financing deal - both parties lack experience

Hello. I finally found a good deal from an very nice couple of retirees who will sell me their duplex and finance it for me. They have not mortgage on the house and will finance me 90% at 7% for 30 years. However they are not savvy and I only know what the books I have read tell me about the deals. Our next step is to know if, we should close the deal through a realtor or a lawyer? Any advice is greatly appreciated.

Comments (2)

Thanks Umar, I will give that a try too.

German Buendia, over 8 years ago
Here’s what I would suggest—Jump on to our forums (http://www.biggerpockets.com/forums) and pose your questions there. I think you will find some really rich, helpful advice from our community of real estate investors and they will be able to point you in the right direction!

Umar Javaid, over 8 years ago