I am home sick today which resulted in my cruising the internet for houses like normal. I occasionally head over to gumtree and today I found a really interesting wanted ad. The purchaser had a 20k deposit and was looking for vendor financing up to 300k and would pay $300 a week in repayments. Kudos for having a go! Traditional finance can be painful when lacking a deposit/serviceability... But for the life of me I cannot think of what is in it for the vendor.. UNLESS the purchase price is extravagant or they have been trying to offload a property for a llllloong time, or perhaps traditional finance isn't available due to building defects or something random like that! Reading Steve McKnights books last year the concept sounds solid... But it is still something that I have trouble conceptualising as a normal transaction... Logistically... Wouldn't it be a paperwork nightmare? I just can't help thinking that my bank does all the hard work calculating interest ect. as I put money in and take money out... How does one keep track of this with a private arrangement... Please forgive the thought train which is a result of sleep deprivation and a groggy head! Do many people on here sell or purchase with vendor finance? Any tales of success or failure?