Seller Financing

Seller financing is not for everyone! When appropriately used, it makes the different between a sale and no sale.

What Is It?

Seller financing is a private mortgage loan, with the seller as lender and the buyer as borrower.

In the recent past, lenders threw caution to the wind, extending loans to people who had no hope of paying the loan back. Inevitably, the wave of foreclosures basically brought down the American economy.

Now, people who can pay the mortgage back are being denied loans and as a result, reputable buyers cannot buy and sellers cannot sell.

Should a seller offer financing?

To get a good price! There is an old saying among real estate deal-makers: You give me my price, I’ll give you your terms; you give me my terms, I’ll give you your price.