Seller financing homes
I receive calls from time to time from buyers asking about homes offering seller financing. Home owners are also interested in the possibility of using this method in order to attract buyers to their home. As of this post there are over 300 listings for sale in the Central Florida market area where the seller is offering financing.
What should you know as the seller?
The first thing I would suggest to anyone looking to offer financing to a buyer of their home is to consult with a real estate attorney. A real estate attorney can help you prepare the legal documents and answer your questions regarding your obligations and liabilities.
You will need to have a note and mortgage prepared outlining the terms and conditions that have been accepted by you and the buyer. You will also want to obtain financial, credit, employment and any additional information your feel is important to know about the buyer before agreeing to holding financing.
How can I help?
I can assist buyers and sellers with completing the purchase contract, listing contract and accompanying addendum that deal with owner financing. Contact me for an initial no obligation consultation.
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Homes being sold subject to a short sale contingency
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