When Is Seller Financing Right For Me?
Seller financing allows you to attract many buyers, sell fast, and get full value from your home sale. Read this article to learn everything you need to know about this smart home sale method.
Seller financing or owner financing is a real estate agreement whereby a homeowner extends credit to a buyer to purchase their home. The buyer is expected to pay back in monthly installments with interest within a specified period (usually 5 – 30 years, though it can be less) – just like bank mortgages. Often, homeowners offer seller financing when their buyers can’t meet the banks’ mortgage…
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