Seller Financing Acquisition Process (Santa Cruz, Scotts Valley)

[Jonathan Pflueger]

Hello BP,

Once I get an owner interested in seller financing is the process for making an offer the same as if I was using a realtor?

Do I ask the seller to sign a contractual agreement for an agreed upon price contingent on a home inspection?

What is the normal flow of a seller financing deal from start to finish? Contracts, inspection, appraisals (do I really need one if the seller is financing the deal), contingencies, ect..

I would love to hear any tips or advice from people who have negotiated seller financed deals and how they structured the acquisition process.

Jonathan