Would You Buy If You Could Get Seller Financed?

[Sovereign Lady]

Would you be more likely to buy in the Boquete area if the seller offered seller financing? 

Or would a great price for a cash purchase be more appealing?

Curious...

[Johnny Sunshine]

CASH....keep it simple,  things can get very complicated very fast....

[Darlene Lindholm]

We wouldn't be interested in seller financing.  When/if we purchase, it'll be cash only.

[Penny Barrett]

In my opinion the seller puts himself in a very precarious position in Panama by offering "seller financing". Panama is a low recourse country meaning there is not much of a judicial system here. And if the buyer defaults, what do you do? Especially if you're not in country.

[Cynthia Keihl]

Definitely a great price for a cash purchase!

[Susan and Pat]

interesting question - since many properties are held in a corporation - how would that work with the seller financed offer?

[BJ Allen]

Definitely interested in seller financing. Have enough income, but have not sold house in US yet. I think you are going to see many more in this situation in the next few years. Anyone interested in Florida bay front house on island north of Sanibel- please email me. Over 5,000 sq ft living area. Seriously - I think this would help sell house faster and closer to asking price.
B. Allen
Volcancito
[e-mail]

[Sovereign Lady]

BJ

Yes, it does help sell houses much faster... and for your asking price.  You will usually get 20-30% down. 

You can always sell the note later to cash out completely.