Updated over 5 years ago on . Most recent reply
Need help on Seller Financing
I need some help with seller financing, ideally anyone in Massachusetts. A friend of mine and his fiancé just bought a house in Braintree (pretty hot desirable market) and their neighbor approached them and said "hey we're looking to sell, if you know anyone we won't want to use a realtor."
My wife and I were planning to buy next fall, as we're still in our lease til August, but it's a great property (havent seen the inside yet) but it's a great project for us as it will definitely need work and exactly what we want.
Unfortunately since we have some wedding debt we're paying off, we likely won't qualify for the mortgage we would need on the place so I want to possibly suggest seller financing.
How do I word this to them or approach them with the idea? I have listened to some podcasts on it and I love the idea since it will hopefully be a win for all parties involved I'm just unsure about how to approach them without sounding like I don't know what I'm talking about.