I have been offered a deal to buy my website by another web development studio on seller financing. Their terms are to pay me 65% of monthly gross income from all of their sites or 100% over $4000, whichever is higher, until the full amount is paid off. Is this a reasonable deal, and is there anything I am missing here or should be aware of when making this deal? Also, what can I do if something happens to the site?
My suggestion, please read this http://forums.digitalpoint.com/showthread.php?t=48847 before you going to buy that site. Most important in case of business is Break Even Point.
That doesn't really have much to do with this. This isn't the first site I have sold, it is just the first on seller financing instead of all up front. Those are just basic tips for selling or buying a website.
IMO you should not push your domain name to the seller account yet Only do so after buyer paid you in full amount