How to Find Seller financing deals

Question

Hi,

Just wanted to check best place/websites to find Selller Financing deals abd how to find it?

Thanks

Jake Handler · Answer

I can tell you the long way to do it, because I did it myself, and maybe there's a shortcut of lists that someone can chime in on.  I drove (honestly, walked) for dollars and made a list of distressed properties I was interested in buying.  Mailed all of them.  When I mailed the one I ended up buying, I also looked into public record of how much they owe on the property.  When I noticed it was paid off, I offered seller financing.  6 months later we were at the closing table.

Lindsay Davis · Answer

@Arun Maheshwari,

To my knowledge, there isn’t a dedicated site for seller-financed deals. Your best bet would be to check MLS-listed deals on marketplaces like Zillow or Redfin. Give the listing descriptions there a read—sellers who are open to doing seller financing may sometimes say so in the listing.

But even if there’s nothing said about seller financing, it never hurts to ask. Oftentimes, sellers aren’t aware that that’s an option or don’t realize that it can be a selling point for their property.

Keep in mind that you’re trying to do a deal, so everything is negotiable! Even if the seller says they aren’t interested in offering seller financing, they may be open to it for the right buyer. At the end of the day, the worst they can say is no.

J Castro · Answer

Hey @Arun Maheshwari welcome to BP!

Out of curiosity why would you seeking for seller financing deals?

I know many buyers seek it for key advantages over traditional bank loans, including more flexible terms, a faster closing process, and more lenient qualification requirements. For buyers who cannot get a conventional mortgage, it can provide a viable path to home or business ownership.

- Are you looking for investment purposes or to make it your homestead?     - Are you low on cash for the down-payment?

If you are planing on buying for investment purposes, you should consider a private money lender. Using a private money lender for an investment property can be better than traditional bank financing primarily due to speed, flexibility, and less strict qualification requirements. These advantages are especially beneficial for real estate investors who need to act quickly, have unconventional deal structures, or have imperfect credit history. However, these benefits come with significant trade-offs, including higher costs and shorter repayment periods.

Advantages of using private money
- Faster Funding
- Flexible Approval Criteria
- Customized Loan Terms
- Less Red Tape
- Focus On The Asset

Using a private money lender is not inherently "better" but rather a strategic tool for real estate investors in specific situations. It is particularly effective for short-term and long-term projects that require speed and flexibility, such as a fix-and-flip.

Cheryl Schuck · Answer

Why are you looking for seller financing? Are you low on down payment money?

Arun Maheshwari · Answer

@Cheryl Schuck Thanks. How to find private money lender? Just looking for better terms on investment property

Arun Maheshwari · Answer

@J Castro Thanks. How to find private money lender? Just looking for better terms on investment property.

Matthew Thornton · Answer

What makes you want to do Seller Financing vs getting a loan?

David Krulac · Answer

We bought 3 brand new houses this year from a builder who had below market financing lined up, when the development started, and we got 4.75% fixed for 30 years and 4.25% fixed for 10 years, then variable.  We've gotten financing from probate deals as well as people retiring and moving out of state or to a home.

How to Find Seller financing deals

How to Find Seller financing deals

Most Popular Reply

8 Replies