: Many seller-financed deals are short-term (e.g., 5 years). At the end of the term, a "balloon payment" for the remaining balance is due, usually requiring the buyer to refinance with a bank at that point.
: Sellers often charge 1–3% more than current market mortgage rates to compensate for the risk of not being a bank. b&b buy here pay here
: Expect to put down a significant amount—often 10% to 25% —to prove you are a serious operator and to protect the seller's equity. 4. Risks to Watch Out For : Many seller-financed deals are short-term (e