I have a buyer for my park. He’s putting down about a third with me carrying the balance, amortized over 30 and due in 7.
What kind of vetting/due diligence should I do on this buyer? A bank wouldn’t make a loan without knowing a lot about him; I figure I shouldn’t either. How do I know he won’t go in and muck up the park?
He’s using an agent. I should expect to be able to talk to the buyer, shouldn’t I? I’m sure I should run a credit check; any other suggestions on how to ensure this transaction has a happy ending?