21d • General discussion
Not every deal is a deal
One of our clients found a seller opening to owner financing. After speaking to the owner he presented terms:
PP- $150,000
Down- $45,000
Term- 20 years
Balloon- 7 years
Interest- 8%
I did everything within my control to tell the buyers we could find them a better deal…. Especially with the current condition of the property. Most of the time we have been able to get people to see the light and move on, not this one.
Even though we closed the deal and made money, it didn’t feel like a win. In the end I know we can only do so much for our clients and it’s their decision but it stings the pride when we don’t get the opportunity to create a win-win for all parties involved. On to the next deal!
Tell me your thoughts on this deal?
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Not every deal is a deal
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