Updated over 5 years ago on . Most recent reply
Does anyone have a Purchase Agreement for reference?
Im looking at purchasing a SFH using seller financing in Indiana but the seller has a listing broker. Has anyone had experience with this? How do I go about submitting an offer and negotiating financing terms etc?
Id like to offer 10% down, 10% interest. Standard amortization schedule including interest/principal with balloon payment at 12 months or paid in full at disposition of the property.
How would you structure this in an offer through a broker?
Most Popular Reply
Well, I did it. I bought the lake house on contract following your advise @Brenden Mitchum. I acted as my own broker but had a real estate attorney look over the documents and make edits. I was able to get it at 10% down, 8% interest with interest only payments for 24 months and balance due on 24th month or paid in full at disposition of the property. Feels pretty good to have it under contract and now on to planning the reno.