You've got to love it when sellers think outside the box a little. We've got a commercial property with 2 nice office spaces in it for sale in Montpelier, and the seller just let it be known that seller financing is an option.
As a buyer or investor, this could potentially make the property just that much more attractive. A seller-held 20-25% second could help this one fit into someone's formula for success.
What this means, practically speaking, is that a buyer can avoid going to a bank altogether. With some cash (but not the full purchase amount), an attractive financing package can be put together outside the realms of a bank. There's added flexibility in lease terms, appraisal issues (maybe not even have to do an appraisal), and others.
I'm just glad to see a seller who looks at all avenues to move their commercial property in Montpelier.
Want to know more about the Montpelier real estate market? Remember Ray.
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