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hi,
Happy new year all.
I am selling my investment property, and the tenant is interested in buying, however, she has trouble getting finance, the option now is vendor finance, however, i know very little about this. Can someone offer some advice and what i need to be aware of?
thanks
Its fraught with risks - too many to be worthwhile imo.
My advice is if you know very little about it, then don't do it.
I have spoken to a VF advisor, he is not very forth coming when providing detailed info.
hi Lofty/Ausprop
can you elaborate on the premium selling price you can achieve. eg. if my property is currently valued at 500K, if i go through VF, should i get 10% more?
I have spoken to a VF advisor, he is not very forth coming when providing detailed info. As for me the only reason to take the risk is to get a higher selling price, but the advisor seems to want to agree to 500K???