Suggestions Before Sale - Posted by Henry V
Posted by Henry V on November 02, 2000 at 20:09:30:
Just picked up a beauty “Subject To” I told seller I would pay them $7K at closing, when I close and have allowed myself 30 days to do so with their approval of course. Ok the house comps at about $152K and I want to offer up “Owner Financing” , sell with a contract for deed.
What is the minimum I should get down on this? I know my objective is to get every dime I can, but what is a good figure to shoot for with a house of this magnitude?
My asking price with the Owner Financing is $165K
Buyers down payment should be?_________________________