Seller financing
Does anyone know much about seller financing? If we are able to sell our co-op, we will be short 20% down on a larger place by about 5-10%. Wondering if seller-financing would be an attractive option for both parties in a situation like this, provided the seller doesn’t need the equity all at once. For example, if someone doesn’t “need” to sell to buy something else, but would like to move on from the property, would they be willing to finance a loan for us? What are the benefits and risks on both sides? Thanks for any insight.
