09 Sep The Basics of Seller Financing
Our own Tom West was recently interviewed (along with others) for an article on the basics of seller financing by Marc Prosser of FitSmallBusiness.com. Marc covers reasons why seller financing is so popular, what prevents bank financing, typical terms of seller financing, and what protections seller-financed deals include…or should include.
If you are familiar with Tom West, you know he writes often and passionately about seller-financing and its importance in closing deals.
When looking at your own deals, what percentage of them are seller financed? Of those that are, what percentage of the sale amount is typically seller financed? What do you see as the typical terms for owner financing?
We would like to hear how your experience compares with the numbers and terms Marc cites as well as your comments about seller financing.
