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Lakeshore Properties - Seller Financing
Seller Financing Options - On Lake shore Properties
When people think of buying lakeshore, Lake Lots or a lake home, is it just a Dream? The answer is NO! It can be a reality for just about any buyer. The key is knowing where to look, what questions to ask and knowing all the Financing Options.
When it comes to Financing Options on Lake lots or Lake shore: Do you consider asking the seller for some Help? In many cases this will not be an option, because the seller needs the proceeds to buy another property, if it is his primary residence, But this is the narrow minded or tunnel vision approach.
Seek out the Real Estate Developers... The current economic climate is hard on the developers too. In my case I happen to have access to dozens of Lake lots and several lake homes with the sellers willing to work with potential buyers. What kind of HELP? Lets look at a few Seller Financing options:
Option 1) The Seller may be willing to 'Carry back' a portion of the mortgage, allowing the buyer to finance less up front and make it easier to qualify
Option 2) The seller may put you ... more
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