Education
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Avoid 3 Seller-Financing Mistakes!
Would you rather have $97,000 to sell your $100,000 note or only $80,000? The difference usually comes down to the big three. Here are the three biggest mistakes note sellers make and how to avoid flushing money down the drain: Mistake #1 – Failing to Check Credit The payer’s credit report lets you know how…
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Structuring Notes for Top-Dollar Pricing
The terms of seller financing dramatically impact the price an investor is willing to pay should the seller ever decide to sell their note, mortgage, trust deed, or contract. Use these optimal terms to structure a seller-financed transaction for top-dollar pricing. One of the advantages with seller financing is that the terms are negotiated and…
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What is Seller Financing?
When a seller allows a buyer to make payments over time for the purchase of property, it’s known as seller financing. This private financing by the seller takes the place of a bank loan or is in addition to a conventional mortgage. The buyer and seller agree upon the payment amount, interest rate, and other…