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Posted on: 22nd Aug, 2012 11:48 pm
I have not been able to sell my home using conventional methods of real estate agent for almost a year. I am not in distress , property is average to above... I will have it paid off in full end of 2012.. I have a lot of rental property ... have done some owner financing with only one working out ... what can I do to reduce my risks and better enable a solid buyer of my primary residence in this buyers market.. what interest rate should I charge Sales Price $ 175,000 on 15 year fixed? What credit score should I accept or require? How much should I ask as down payment ? Your reply would be greatly appreciated
Washington state owner finance on $40,000 w/ 20% down.
What kind of interest rate am I looking at?
Posted on: 22nd Aug, 2012 11:41 pm
Hi smith,

Have you listed the property in the market? If not, then you should do that immediately so that you can get buyers for your property. You can go for relaxed terms and conditions so that more buyers are interested in buying your property.

Welcome HELGA,

As you're giving 20% down payment, you can ask the seller to offer you a low interest rate as available in the market so that it becomes easier for you to pay off the debt.

Thanks
Posted on: 22nd Aug, 2012 11:45 pm
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