[Michelle Kasper]

Michelle Kasper

Hello, I have decided to sell one of my houses with owner financing. I was just trying to get an idea of how much (ballpark) everyone is asking for a downpayment and how long it is taking you to find a buyer?

Have a great day!
Michelle

[John Long II]

John Long II

I’ve had better luck getting people into a lease option than seller financing. I even offered seller financing with only $5,000 down on a $235k house and got 1 call from my marketing. When I changed to L/O with $2,000 down I got it filled right away. I’m in the Salt Lake City area.

[Michelle Kasper]

Michelle Kasper

Thanks John, I can’t believe you did not have people lined up to buy your house with owner financing. I am in Texas so lease options are a little bit trickier here now. I need to get with my attorney to make sure that everything is done properly.

Thanks again for the info.

Have a great day.

Michelle

[Anonymous]

Anonymous

Michelle,

In the old days, I was getting 10% down with seller financing. But these days, you’lll be lucky to get 5% down.

Instead of stating how much you want down – it is better to advertise low down and get people to call you. Find out how much money they have to apply towards the purchase of their next home.

You’ll be surprised. Some people will have MORE than 10% down.

Jackie

[Michelle Kasper]

Michelle Kasper

Thanks Jackie, I really appreciate the advice!