All Topics / Finance / vendor finance available

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  • Profile photo of dr housedr house
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    @dr-house
    Join Date: 2001
    Post Count: 281

    I've also posted this under "Wrap Info", but "Finance" might be a better heading.

    I am contemplating the sale of 3 properties:

    1. Dual Occupancy approved, ie stamped plans and permit for a 3 bedroom, 2 bath, double garage,
    Safety beach, 50 m to beach, almost next to Marina. Front house solid and easily renovated cosmetically.
    Around $520,000.

    2. Cabin in a seaside caravan park , almost new fully furnished.
    $115,000, suit 1st home owner/retiree with limited funds.

    3. 4 bedroom, 2 bathroom, fully renovated, including furniture, Merrijig near Mt Bulla, around $400,000.

    In this slow market, I am willing/able to provide some vendor finance at 5.5% interest only for 2 years on a deposit of approx 1/3, and being the the first mortgage holder.

    Would this improve saleability?
    or What is the best approach?
    Where are these properties best advertised?
    I don't need to do a "wrap", as they are not financed.

    Thanks, Regina

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