Is seller financing worth the premium?

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Q: My wife and I have recently entered into a contract to buy a beach house in Charleston, S.C. This is an owner-financing deal where the house has no liens. We are paying $785,000 for the house, with 10 percent down. I think we are paying 10 percent too much, as the market is still dropping in the Isle of Palms. Do you see a bottom in pricing for this type of investment? We do plan on renting it out as much as possible. Anything in particular we should look out for? --Roger A: I know human nature is not to want to be predictable or fall into a clich├ęd stereotype -- at least here in America it is. We all want to be respected for our individual talents, style and preferences. But the fact is, Roger, almost all buyers think they paid too much for their home -- and especially buyers in today's market, which in many areas is still depreciating, as you've pointed out. First, you must take into consideration that you are receiving seller financing, which often comes with a premi...