Thursday, June 16, 2005

A Second Look at Seller Financing

Although, seller financing is not too common in today's real estate market, it's worth a second look. With many aging baby boomers, and banks paying such low rates on deposits, it's a viable option for some sellers. Let's say a retired seller owns their home free and clear, or even just a small mortgage. The seller could require a 10-20% down payment, and carry the balance for the buyer at 6%. That's much better than the banks are paying and a bit more secure than some other investments. Check with your financial advisor for more information.


Post a Comment

<< Home