Seller Financing ideas and tips

[Tarcizio Goncalves]

Hi BP community,

Going to be putting together a seller financing contract between the seller and myself and was hoping if someone could give me some pointers on what do include and not to include in the contract. seller financing is new to me so any help would be extremely appreciated. Happy to read blogs and such as well. The seller asked me to present a contract so I want to make sure this contract won't be a turnoff for the seller. 

Thank You

[Jeff Jansen]

@Douglas Mcqueen Is spot on! 

I would definitely outline the benefits for the buyer. That is what got my deal closed. Finding out their motivation then working around that in your deal is excellent. 

We also had a lawyer draw up ours. He did it in 24 hours and had done a few before so it was quick and painless but helped move the process along and everyone felt comfortable. 

You are on the right path and good luck!