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Real Estate Tips
Financing Your Home >Owner Financing
If you are selling a house in which you have a lot of equity, and you don't need that equity to buy a new home, an owner-financing agreement may benefit you and your buyers.
Seller financing arrangements usually involve the buyers securing the largest portion of their purchase money from a mortgage company and getting a smaller second loan from the sellers. For example, they may finance 75% from a lender, put in 15% from savings, and ask the sellers to finance the remaining amount. The terms and interest rates on seller carry-backs are negotiated on a case-by-case basis.
Sellers may be able to negotiate a note that provides a better return on their money than 1-to-5 year CD's or treasury notes. They should ensure that the note protects them to the fullest. Use common sense when considering such a loan, and verify the buyers' income, credit history, and job stability before making your final decision.
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Real Estate Trivia
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What time of year is considered the busiest for homebuyers and sellers?
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| A |
Real estate is a year-round business, but spring is still considered the best time of year to showcase a home. |
See More Real Estate Trivia > |
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'Lela' Ashkarian P.A. CRS, GRI, e-PRO, SFR Coldwell Banker Schmitt Real Estate 11050 Overseas Highway Marathon, FL. 33050 Direct: 305-395-0814 Mobile: 305-395-0814 Private Land Line: 305-289-6492 eFax: 305-946-7771 Office Line: 305-743-5181 Email: lela@coldwellbanker.com Email: lelasells@bellsouth.net email: 395.0814@305.ac email: aslanlelalu@gmail.com
Florida Keys Real Estate Top Selling and Listing Agent, Member of Primier Upscale Preview Coldwell Banker President Club, specializes in Luxury homes, condos, townhouses in Marathon and Middle Keys, Key Colony Beach Real Estate, Coco Plum beaches, Grassy Key, Duck Key Shark Key and Upper Keys Islamorada. 305-395-0814 or 305-289-6492
Living in Florida Keys since 1983. I will and can help you find that perfect home in the Marathon, Duck Key, Key Colony Beach, Coco Plum and Islamorada Upper Florida Keys.
Call Lela Ashkarian, Coldwell Banker Schmitt Real Estate, 305-395-0814 Real Estate Florida Keys Top CRS, GRI, e-PRO Realtor. 
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