Instead of the buyer obtaining a traditional mortgage from a bank, the seller provides the financing directly to the buyer. This means that the buyer makes regular payments to the seller, typically with interest, over an agreed-upon period.
Owner financing can benefit both parties, as it offers greater flexibility in terms and eligibility criteria. It allows buyers who may not qualify for traditional financing to purchase a property and provides sellers with additional options for selling their property (more … (3 comments)
seller financing: How Does Seller Financing Work In Real Estate?
- 10/19/14 11:44 PM
There are many people who are recovering from the real estate bubble that could benefit from an understanding of seller financing for residential real estate. There are sellers who do not have buyers for their homes, and there are buyers who have not yet recovered their credit and could benefit from the use of unconventional financing techniques. Whether you are a buyer, a seller, or even a real estate professional, there are some import considerations you should review before you commit to a real estate transaction that includes seller financing. How Does Seller Financing Work? This is probably one of the most-asked questions … (0 comments)
seller financing: Are Your Home Sellers On This List?
- 09/28/10 12:31 AM
Home sellers who offer creative financing options expand the list of potential buyers for their homes. Generally speaking, most home sellers and real estate agents are not accustomed to using “other than traditional” financing techniques, so I figured today would be a great day to follow-up yesterday’s widely read blog on Distress Home Sales by covering the use of these special methods for selling homes. Yesterday we were able to show how many homes that sold in the past were distressed sales, so today we wanted to parallel that and show how many homes sold in the past through creative financing … (8 comments)
seller financing: Don't Let HUD's New Rule Destroy Our Momentum
- 02/17/10 09:18 PM
The Secure and Fair Enforcement Mortgage Licensing Act is about to have a huge negative impact on the value of your home, and I bet you have never even heard of it! That’s right, the U.S. Department of Housing and Urban Development has put together a proposed rule, that if adopted, is going to cause significant damage to an already crippled housing market, but there is time for you to change it! The new rule has been proposed in the enforcement of the Secure and Fair Enforcement Mortgage Licensing Act. The SAFE Act is actually a good thing, and was passed … (6 comments)
seller financing: How To Find Seller Financed Homes
- 06/18/09 12:17 AM
I was looking through a list of reader questions and found one that really stood out. This reader was wondering how to find homes for sale where the seller was offering some or all seller financing. Seller financing is a topic about which many people could benefit from learning. Most real estate agents will never do a transaction involving seller financing, and most homebuyers would never even think about asking for this type of assistance. And finally, most home sellers would never even realize the benefit to themselves to offer some level of owner financing. The purpose of this post is … (0 comments)
Owner financing, also known as seller financing or seller carryback, is a financing arrangement in real estate where the seller acts as the lender.
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