How to Sell a Multi-Family Property Quickly and Easily

Subject: An Attractive Payment Plan Proposal for Your Multi-family Property Dear [Seller's Name], I hope this message finds you well. I am writing to express a sincere interest in your multi-family property, which has been listed on the market for over 200 days. I understand that despite the potential of the property, its current status might not be ideal for your financial objectives, hence the need to sell. As such, I would like to put forward a proposal that I believe will be mutually beneficial for both of us. Due to the considerable listing time of the property and my intent to establish a sustainable business centered on rent generation from this multi-family property, I propose a buyer-friendly payment plan which aims to create a business cash flow while also ensuring a smooth sale process for you. Here are the terms of the proposed payment plan: Down Payment: To seal our commitment to this deal, upon signing the contract, I propose to make a manageable down payment of 10% of the total asking price. This initial amount assures you of my sincere interest in the property and serves as a show of good faith in our transaction. Monthly or Yearly Payments: After the down payment, I propose to resort to either monthly or yearly payments, which would be agreed upon through further negotiations. These payments would be scheduled over the course of a specific timeframe, say 10 or 15 years. This would allow me to manage the payments while developing a profitable rental business, while you receive your deserved sale price without delay. In light of my anticipated business cash flow from the property, I foresee a possibility of accelerating the payment schedule or even making a balloon payment at some point during the agreed timeframe, thereby ensuring your sale liquidity in a shorter span of time. Of course, I am open to discussing these terms further, recalibrating the percentages, timelines, or other considerations to ensure a deal that is fair and favorable to both parties. If required, we can also introduce clauses that offer additional safeguards for you, such as interest accumulation on the payments or collateral security to mitigate risk while ensuring a successful transaction. Allow me to reiterate that my primary goal is to establish a sustainable business, and in doing so, providing you with an exit strategy that respects both your monetary expectations and time requirements. I look forward to further discussions on this proposal and hope to reach an agreement that supports both our endeavors. Best Regards, [Your Name]