All Topics / The Treasure Chest / Vendor Finance..does it happen?

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  • Profile photo of battz71battz71
    Participant
    @battz71
    Join Date: 2003
    Post Count: 95
    September 10, 2003 - 1:43 pm

    Hi all,

    I have seen it mentioned several times that a method of aquiring “no money down” property is to negotiate 20% vendor finance with the vendor of a residential property.

    My question/s are has anyone actually done this?

    Are Vendors receptive to this offer?

    Any examples of terms/rates/conditions that are common when negotiating with Vendors.

    Cheers.

    Battz

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    September 10, 2003 - 2:06 pm

    this happens a fair bit with commerical and farm type deals. I haven’t see it yet for ordinary residential.

    Terryw
    Discover Home Loans
    North Sydney
    [email protected]

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

    Profile photo of battz71battz71
    Participant
    @battz71
    Join Date: 2003
    Post Count: 95
    September 10, 2003 - 2:40 pm

    Thanks Terry,

    I too have heard of it used with commercial, but didnt know if it was common in residential. I suppose its just one of those things, just ask the question to the vendor, you never know!

    Battz

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