And the keyword "normal" is for the word buyer, not for the word market.
We all know that, except in few areas, this country is facing a buyer's market. OK. We all got that. But what a potential buyer needs to know is a seller is not going to give it away for nothing. And I'm talking about his or her property.
I have a high percentage of my calls coming from buyers looking for owner financing. Fair enough. There are about 6,000-7,000 homes for sale in my county. Only 63 owners are considering helping potential buyers with some kind of financing. So when you call me saying that it's a buyer's market, you gonna give $3,000 down on this $600,000 mansion and you will accept no balloon and only an interest rate of 4% and the seller is better to accept your offer because it is a buyer's market...well...it's not going to happen.
If you are looking for some kind of owner financing, it's more likely because you are not qualified for a bank loan. While an owner willing to provide some kind of terms is most likely to have a free and clear property.
So, in the owner financing fields, it's always a strong seller's market.