Seller Financing Questions

[V.G Jason]

Alright, so I'm trying to understand something as an OOS about seller financing. If I go to say Charleston and want to buy a property, I'll likely have a real estate agent take me around and show me the good neck of the woods & bad areas. When it comes to an offer, if I want to propose seller financing, how do the agents get compensated? From the downpayment? 

I'm thinking the areas I want to go to will both have agents on both sides, as these will be likely MLS properties. 6% of list price versus 6% of downpayment isn't a small difference.

[Lexey Vezzoso]

Hey Jason!

Depending on how long the homes you're looking at have been on the market you may have some leverage on the commission for the agents...

When we are doing seller finance deals one of our value adds is that the buyer will pay all of the commissions and closings costs. 

I'm not saying that this needs to be your strategy, but if these agents want to help their clients sell the home they may be willing to take a lower commission or a flat rate fee. I would have these conversations up front so that you know what they are expecting and what they are willing to do to help you and their sellers. :)

We do a lot of creative finance deals here in Idaho so feel free to reach out with more questions if you have them!

Good Luck!