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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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On what famous American street can you find the most expensive retail space for rent anywhere in the world?
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Fifth Avenue, New York City, U.S.A. offers retail space for rent at the rate of $580 per square foot. |
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Cori Blount
Real Estate Express Services
34119 Keller Court
Winchester
CA 92596
Main Ofice: 951-926-4297
Assistant: 951-200-0248
Cell: 951-317-5151
Fax: 951-329-3361
Email: CoriBlount@NUMBER1EXPERT.com
Cori Blount is the broker /owner of Real Estate Express Services with
18 years of personal sales experience as well as an independent Broker.
Having represented a national builder, and having held position as vice
president of operations with a national franchise, it is my pleasure to
represent both buyers and sellers in the exciting field of real estate here
in Southwest Riverside County. With a vast knowledge in all aspects of
residential real estate necessary to make YOUR experience successful and
equitable it will be my pleasure to be of service to you .    
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