Buyer qualification is key for a seller offering seller financing on their home sale. The drawback is if the buyer does not make their payments causing a default. The foreclosure process is time-consuming and expensive, so how does a seller mitigate that risk? They pre-qualify the buyer by asking for information regarding their income and […]
Seller Financing: a winning strategy for a sluggish real estate market
Homeowners in a position to offer seller financing on their home sale have a strategic, low-risk advantage that differentiates their property from their competition. This strategy is less expensive than conventional financing because points and fees are non-existent, and also offers the opportunity to receive the purchase price over a longer period of time thereby […]