Seller carries the financing on a property may give the seller more for the purchase and offer the buyer time for the market to catch up with the purchase
Ask Seller to provide credit to be applied at closing. This can significantly reduce the amount required to close.
Ask the seller to carry back a portion of the purchase price. Creating a win/win for the seller and buyer. Here are a few of those win points. Additional profit to seller. Carryback helps borrowers borrowing power. May save on any prepayment penalties for seller.
If these tips are helpful and you would like to learn additional ideas for creative funded deals. Schedule a call today.