Leaving money in the deal ?

[winwin]

Hi,
Any explanations welcomed, on how leaving money in the deal by the seller can benefit a purchaser or seller. I think this, meaning using the sellers money to cut down the amount of deposit required by the buyer and I guess this is like a/or in fact a second mortgage. Very interested to hear your opinions and explanations of how this works and the advantages of this use or best ways to impliment this strategy, Thanks, winwin.

 

[Lissy]

A couple of advantages for the seller:
They sell their house! can be very relevant to a slower market
Some people know they'll blow a lump sum, but a trickle of repayments can make their lives easier

for the buyer:
you don't have to find all the money up front

 

[winwin]

Felicity,
Thankyou, you have confirmed my thoughts in that regard. I'm also curious to know how this deal is structured, is it by way of a second mortgage. How to arrange the finance side of this kinda has me baffled. It would be interesting to hear from you or any one else who can tell me how to set this up, with the seller, regarding organising the borrowings, mortgage etc. How to put this together?