Reserve your condo before they are sold out You may purchase a condo with cash down using seller financing if you choose. The terms for the seller financing is five years with 50% down payment and 6% interest. Terms of less than five years require a 40% down payment and a 5% interest rate. Lock in your condo now with a reservation fee of 10% initial down payment. Then, the balance of purchase price due at time of closing either in cash or with a down payment and seller financing as described.