Seller Financing: A Step-By-Step Guide On How To Go About It

Let’s imagine – you have a buyer who wants to buy your home for the asking price. However, due to some issues (e.g., previous bankruptcy, foreclosure, etc.), the bank refused to grant them a loan. What do you do? For many home sellers, the next step is to start the search for another buyer. ButContinue reading “Seller Financing: A Step-By-Step Guide On How To Go About It”

When Is Seller Financing Right For Me?

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, homeownersContinue reading “When Is Seller Financing Right For Me?”