Pertaining to an apt complex in Mi back in 2001. Offer was for seller financing with a balloon payment in 2 yrs.

Seller: Lee should I accept this offer?

Lee: Well Liz the numbers work out better for you, if you decide to hold the note you will gain more than your original asking price would net.

Seller: But I could have to take it back right?

Lee: Yes however you are getting $50,000 down so that would go right in your pocket and I've only been marketing this three months should not be a problem to find another buyer.

Seller: While I'm just not sure.

Lee: Well Liz the best advise I can offer you is to do what makes you happy. Think about what is going to help you sleep at night you own this free and clear so it is a cash flow now with responsibilities holding the land contract will allow you to have the cash flow without the responsibilities. It is my job to bring you offers but I cannot decide what is best for your unique circumstances!

Two weeks later we closed everyone was happy and she never had to take back the property.

Turns out she owned some thirty other properties which she promptly listed with me!

Best, Lee