Buyer Wants Seller Financing For Website Purchase?

You could use an escro service but they will want full payment up front.

I would only get full price as to easy to pull out. You could say you can have the site at the end of the transaction.

Its a bit hard as we do not know if it is for an established site or one you are building for a client.

I have found if they really want it they can find the money.

Que

Use a contract - don't give them the domain name until purchase is complete. If they pay with paypal also send them physical cd and certification of transfer -- or any method of payment actually.

I had purchased a website in the same way I give 50% upfront and then remaining in the two months. But I did not got any access for any file or domain. Only the payment processor setting is changed from the seller to me. That is it.

Here the buyer is taking the risk, and your buyer should ready to take this risk instead of you.

Cheers

Online escrow service maybe.....but I'd tell him to just get a bank loan.
Otherwise do a credit check, see how he measures up. If he doesn't agree with to a credit check....then don't play ball........sell to someone else.

What's the big deal?

Keep the site hosted on your server and release when you are paid in full.

50% now and paid in full in 5 weeks is great.

Too many Warriors are clueless when it comes to how REAL businesses operate. Not getting paid for 30-60 days is the norm in the Real world.

What risk do you have if you have all the control?

Is there a ready made sort of contact that I can use for something like this?

Thanks for all the replies!

You could always charge a premium and factor the accounts receivable depending on your own banking relationship and creditworthiness.

or the buyer could go to a bank. After all, that's what they are there for. He's effectively asking YOU to lend him the money, which is the job of First Etc .

With the time value of money the price you gave him was the full cash price, you should adjust your price according to the terms by adding a certain percentage to it.

If he doesn't want to adjust the price, simply put the sale on hold for 5 weeks for them to come up with the funds.

If this were a standard business the fact that new management is involved changes the value of the company.

If they are better management, has a better track record, the new company is nearly instantly worth more the second it transfers.

OR if they have no management experience and are unable to maintain the current promotions and a reasonable expectation of increasing incomes and profits, the value of the company will go down the second it transfers.

If you are wanting to sell and don't have a problem with the 50% 10 % for 5 weeks then structure it as a JV with you holding controlling interest of the operations until final sale.

The buyers payment will entitle them to a percentage of the profits (or income depending on your preference) but not owner ship until all funds have been paid.

Mark Riddle