Using a realtor to buy with seller financing

[Jose Leandro Gobea]

Hello guys, I am figuring out how to make my purchase in the next months, and I am thinking about seller financing. This question is directly for the realtors in this community , how do you guy work with a buyer that want to use this strategy? thank you so much for your help.

[Bruce Lynn]

Quote from @Jose Leandro Gobea:

Hello guys, I am figuring out how to make my p

Just a couple of thoughts.

#1 I think there are very very few owner financed properties.  So your choices will be very limited.  For example in DFW area I may see 1-2 a month.  You have to think about who can actually owner finance.  Very few.   Then do the ones who can want to do it?  Very few.

#2 In my area the typical owner finance deal I see requires 10-20% down and probably 12-14% interest on 10 year balloon note.   So you really have to think about if that is what you want to do.  

#3. Bank financing will likely be a much better way to go if you can do it.

#4  Due to so few options, probably most good/ great realtors are not going to work with your seriously.  

#5.   I think there is a lot more risk with this option.  Risk you just loose all your money...year one or year 10.   There are a fair number of posts here of buyers that now have a problem.   For example what happens if you make all your payments but can't get lien release? 

What makes you want to try this option?