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interest rate for seller financed land

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lillianllacer Joined: 27 Sep 2009 Posts: 1 1.27 Dollars($)	Posted: Sun Sep 27, 2009 2:45 pm    Post subject: interest rate for seller financed land Like 0 Dislike 0 Hello, I'm looking for advice on an interest rate to charge for seller financing a piece of land with an old mining cabin on it. It is not considered a legal residence. The most recent posting I saw regarding this issue was over a year ago. thank you! Lillian
adonis Joined: 22 Oct 2005 Posts: 10250 Location: ALASKA 1043.57 Dollars($)	Posted: Sun Sep 27, 2009 8:34 pm    Post subject: Like 0 Dislike 0 Hi lillianllacer, It would be your discretion as to what type of interest rate you would be charging the buyer. You can check out the interest rates lenders are charging the borrowers right now. This will help you in getting an idea about the interest rates prevailing in the market. Once you know this, you and the new buyer can decide on the interest rate to be charged. _________________ Procrastination is the enemy of your financial success

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