Updated about 4 years ago on . Most recent reply
6 year - Owner Financing with Balloon Payment.
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?