Negotiating Seller Financing

[Britt Smith]

Working with a seller on seller financing options. What type of balloon or prepayment terms are you most comfortable?

[Chris Seveney]

@Britt Smith

Each deal is structured differently depending on the sellers needs

You should work closely with them and be transparent but start with what works for you.

Do you want a 3,5,10 year balloon? Also how are you amortizing it over that period, 15,20,30 years?

Start with what works for you and work from there with the seller

[Eliott Elias]

Talk to the seller and work it out together. I usually do a 5 year balloon and try to get as much principal paid down every month as possible