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Using Vendor Vinance Optionbattz71 [107 Posts] G'day all, Im a little confused with using the "Vendor Finance" option that has been mentioned previously. Can someone give me a few tips, and perhaps an example of how it could be used. Actually, better still I'll provide the real life example that Im toying with and see if anyone has some creative solutions.. Purchase Price: $75,000 But hopefull will have first IP revalued in a couple of months and that should be favourable (as the house never hit the market) So can someone explain how the vendor leaving in 10-20% works.. Cheers in advance, Battz   battz71 [107 Posts] Any suggestions at all??? Will a lender give me finance if the 10-20% "deposit" has come in the form of Vendor Finance? What rates does the vendor usually receive for the Vendor Finance? Is it complicated? Help needed.... Cheers, Battz |
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In The NewsAuctions - lonely affairs? The global crisis is creeping into the property market with auctions becoming lonely affairs and Melbourne clearance rates falling. No Housing Revival Just Yet! Auction clearance rates slumped again over the week-end leading experts to advise investors that they will have to wait another year for a revival in the housing market. RBA Slashes Rate RBA announces the biggest rate drop in 13 years - down 1%! Today's TipThe more you do of what you've done, the more you'll get of what you've got <more> Active forum topicsShould I be buying now? Author: whiteknightoz Property Options Author: Firestorm_st44 Who's OnlineTake The Test
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