Seller Financing interest rate

[Mark Kvam]

I am looking to buy properties with seller financing.  Is there a premium above market rate that is typical for seller financing?  Is it unusual to get extended terms (20-30yr?).

[Pavel Sakurets]

Originally posted by @Mark Kvam:

I am looking to buy properties with seller financing.  Is there a premium above market rate that is typical for seller financing?  Is it unusual to get extended terms (20-30yr?).

 In RE everything is negotiable. The % depends on the motivation of the seller. Some sellers will sell a property at 0%. You need to find out from them what is more important for them: sale price, monthly payment, term of the loan or %, and then structure the offer based on this info