When a seller offers owner financing they agree to accept payments from the buyer. But sellers don’t have to wait 10, 20, or even 30 years to receive their money. They have the choice to sell all or just part of their future payments for cash today. Option 1 – When an investor purchases all […]
10 Advantages to Using the Seller Carry Back
10 Advantages to Using the Seller Carry Back The word is out and seller financing is on the rise as buyers and sellers look for creative ways to finance property in the struggling market. So what’s all the hype? Here are ten advantages to using the seller carry back to buy or sell real estate. […]
Disadvantages to Owner Financing
What’s old is new again and the credit crisis, struggling economy, and declining real estate market are making seller financing the come back kid of 2010. Offering to owner finance a property can attract buyers and even save transactions as banks increasingly stamp “DECLINED” on mortgage applications. Before you agree to “Be the Bank” carefully consider […]
Owner Financing Tips For Sellers
Owner Financing Tips for Sellers It’s a tough time to sell a house. In an effort to sell fast and stand out from the crowd, sellers are turning to owner financing. By accepting payments over time from the buyer, the seller provides an alternative to bank financing. Seller financing attracts more buyers and helps the […]
5 Reasons Owners Offer Seller Financing
Why would a seller allow a buyer to make payments over time for the purchase of property? Wouldn’t the seller rather get paid now and require the buyer to obtain a bank loan? Here are 5 reasons property owners offer seller financing: 1. Reduced Marketing Times What is the first thing a real estate agent […]
Safekeeping the Original Mortgage Note
Can you easily locate the original mortgage note? This important legal document should be kept in a safe place, and here is why! The promissory note is a promise to pay or IOU from the property buyer. It spells out the amount due and terms of repayment. In legal jargon it is known as a […]