Buying & Selling Real Estate Discussion

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Geren Knight III
  • Investor
  • Cumberland, MD
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6 year - Owner Financing with Balloon Payment.

Geren Knight III
  • Investor
  • Cumberland, MD
Posted Jan 24 2022, 09:51

I haven't had much experience with owner financing as the seller.  I just received an offer on a property that I am selling for $178k.  The offer is "owner financing at $20k a year for six years and then a balloon payment of $200k".  As the seller what are the risks and does this seem "too good"?  The asking price is $178k this would be $320k?  Is that correct?

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