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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Again, I see... Posted by Kristine-CA on June 07, 2009 at 8:46 PM In Reply to: Again, I see... posted by CC in OC on June 07, 2009 at 6:05 PM Rick calls it creative seller financing. I call it traditional financing. Selling on terms was the the usual way for a long time in our country. Interest on installment payments for real estate is a bank convention that has been adopted by sellers agreeing to seller financing. If you have something that won't sell, that buyer's are not qualifying for because of limited loan products, who do you sell to? You can sell the guy with cash, and believe you me that's where the discount will be. Or you can sell for your price on terms. With or without interest, you come out ahead. Rick's asked and now I'm asking again: have you bought directly from any seller? Have you ever talked to a seller about their situation without the aid of an agent? This is where you find out what they want and need. : ...if not the future, at least the meshing of your mind gears. I just didn't think there were sellers willing to carry back paper for absolutely no interest, let alone take a steep discount if they want their own cash back at some point. Do these sellers suffer from some form of dementia? Wow. Follow Ups: Yes, I've participated in seller financing... CC in OC 9:34 PM, 06/07/09 (1) Re: Yes, I've participated in seller financing... Kristine-CA 9:50 PM, 06/07/09 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Rick calls it creative seller financing. I call it traditional financing. Selling on terms was the the usual way for a long time in our country. Interest on installment payments for real estate is a bank convention that has been adopted by sellers agreeing to seller financing. : If you have something that won't sell, that buyer's are not qualifying for because of limited loan products, who do you sell to? You can sell the guy with cash, and believe you me that's where the discount will be. Or you can sell for your price on terms. With or without interest, you come out ahead. Rick's asked and now I'm asking again: have you bought directly from any seller? Have you ever talked to a seller about their situation without the aid of an agent? This is where you find out what they want and need. : : : ...if not the future, at least the meshing of your mind gears. I just didn't think there were sellers willing to carry back paper for absolutely no interest, let alone take a steep discount if they want their own cash back at some point. Do these sellers suffer from some form of dementia? Wow. [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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