Seller financing for an on market property!?

Question

First time posting here! How does one approach a seller to discuss owner financing when has their property is listed on market with an agent? Do I wait until listing is expired and then call seller? It's already been on market for over 60 days, I do think it's a little over priced and it does not qualify for FHA loan. I am interested in buying as an investment property. I read a bit about how to structure a seller financing offer but curious do I make first contact, reach out to seller or listing agent first? Thank you!

Account Closed · Answer

I would reach out the agent associated with the MLS listing. A good realtor would be open to hearing this, especially after 2+ months on market.

Randy Rodenhouse · Answer

You could send the seller a letter saying that you are interested in their property.  If they reach out to you then that indicates some motivation, then you can ask what they owe and the loan info and then ask if willing to do some owner financing.

Eliott Elias · Answer

A realtor should not get in the way of an owner finance offer. Unless that realtor is completely uneducated and against it. A good realtor will realize the situation and attempt to make the deal work.

Hamp Lee III · Answer

Welcome to BiggerPockets!

You can reach out to the agent and ask if the seller is interested in seller financing.

If they are interested, they might provide terms or you can provide them.

You can only gain.

I wish you all the best.