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All agents are NOT alike! Find out why I am a top real estate expert. Call me: 717.391.7000 Ext# 2 or call DIRECT 717.314.8275 or email me!!!
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Buyers Want Your Home for as Little as Possible.
Are you thinking of selling your home? You should know exactly what it's worth before making such an important decision.
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"Greg is very accessible, particularly via e-mail"
"Greg has a wealth of real estate experience, which I have found very valuable in my real estate purchasing.."
"JWitmer Lancaster PA"
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Why Buyers Choose Me: Why homebuyers in the
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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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| Q |
Fewer than 2 percent of homeowners build this type of home:
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| A |
Fewer than 2 percent build a custom home; most buy an older home or select from a home builder's menu. |
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