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have a chance to purchase a house for 120,000 owner financing but not sure how to negoiate with owner about price or interest being he is

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Icon Mini Profile firetamer57





Joined: 19 Jan 2011

Posts: 1

1.00 Dollars($)
Post Posted: Wed Jan 19, 2011 6:43 am    Post subject: have a chance to purchase a house for 120,000 owner financin
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would like to know when dealing with owner , what should i make sure of concerning protecting my best interest thank you
Icon Mini Profile smithsussane
smith.sussane




Joined: 18 Sep 2008

Posts: 10439
Location: Alaska
985.83 Dollars($)
Post Posted: Wed Jan 19, 2011 9:43 pm    Post subject:
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Hi firetamer!

Welcome to forums!

You should check out the interest rates available in the market and negotiate with the seller if he is charging you a high interest rate for the mortgage. You should also check out the terms and conditions of the owner financing contract in order to safeguard your interest.

Feel free to ask if you've further queries.

Sussane
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