Looking for advice on how to position 100% seller financing to the seller. I have a deal in play and the price has been lowered but with the upcoming economy challenges I'm thinking of offering his original asking price but without the downpayment they are asking for (granted they meet or stay on track with revenues).
Would like to see how others have submitted an LOI in this capacity or help me to structure the buyout etc.
100% Seller Financing
by a searcher from University of Massachusetts Lowell - Manning School of Business
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Buyer beware. There are nuances in Reps and Warranties and you'll not know if you have a good lawyer or not on your first deal. With a bank, you get a rationale creditor. You don't know what you get with a Seller.
Buyers should see these deals as likely traps. If you are determined to do them, negotiate the price too.