I agree with Barbara that he most likely has a buyer or tenant ready to put into the home as well. I would speak with another licensed agent to get a good idea of what the home is actually worth. Typically the transaction you are talking about involves two things that yours does not.
1. Buyer pays a slight premium to purchase using owner financing... here he is getting a substantial discount.
2. Buyer makes a sizable down payment which is non-refundable if they do not end up purchasing or refinancing the home withing a specific period of time.
With both of these factors missing from your offer I would not walk but run away as I feel he is trying to take advantage of you. Get some other opinions on what the home is worth and keep doing the math to see what is the best option for you.
Best of luck to you,
REALTORÂ® | Mortgage Broker
Keller Williams Realty | 360 Lending Group
o 512.669.5599 m 512.633.4157
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