Sonja BushWhat isSellerfinancing?A. This is anpopular option intoday's environment.Seller financingwhen a seler helps tofinance a real estatetransaction by takingback a second noteor even financingthe entire purchaseif the seller own thehome free and dear.Usually sellers do thiswhen a buyer hasdifficulty qualifying forconventional loan ormeeting the purchaseSeller financing differsfrom a traditionalloan because theseller does not givethe buyer cashcomplete thepurchase, as doesa lender. Instead, itinvolves extendinga credit against thepurchase price ofthe home while thepromissory note andtrust deed in theseller's favor,The necessaryprepared by theescrow companyafter the terms areworked out betweenthe buyer and seller.If you are a sellerconsidering such anarrangement, it iscritical to thoroughlyevaluate the creditworthiness of thebuyer first Fear ofdefault makes manysellers reluctanttake back a secondBut seller financingcan bring a higherprice plus completethe sale sooner insome situations.For previous articles,www.Sonja Bush com

Date: February 22, 2017

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Sonja Bush What is Seller financing? A. This is an popular option in today's environment. Seller financing when a seler helps to finance a real estate transaction by taking back a second note or even financing the entire purchase if the seller own the home free and dear. Usually sellers do this when a buyer has difficulty qualifying for conventional loan or meeting the purchase Seller financing differs from a traditional loan because the seller does not give the buyer cash complete the purchase, as does a lender. Instead, it involves extending a credit against the purchase price of the home while the promissory note and trust deed in the seller's favor, The necessary prepared by the escrow company after the terms are worked out between the buyer and seller. If you are a seller considering such an arrangement, it is critical to thoroughly evaluate the credit worthiness of the buyer first Fear of default makes many sellers reluctant take back a second But seller financing can bring a higher price plus complete the sale sooner in some situations. For previous articles, www.Sonja Bush com