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Tips for Sellers

 

 

What are the benefits of seller financing?

Seller financing offers tax breaks for sellers and alternative financing for buyers who can't qualify for conventional loans.

If you are a seller, the risks you face are the same as those facing any lender: Is the borrower a good credit risk? Will the property hold enough value over time to allow for the repayment of all loans made against it?

You should run a full credit check on the borrower, require hazard insurance on the property and include a due-on-sale clause. There also are financing, disclosure and repayment-term requirements that need to be met. It is wise to consult a lawyer when putting together this kind of transaction.

Provided By Inman News

-Return to Seller's Questions


 
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William Zamarelli Realtors®
Hunter Square
8700 E. Market St. Ste. 6
Warren, OH 44484
Phone: 330-856-2299
Toll Free: 800-697-0322
Fax: 330-856-9596
[email protected]

 
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Let's get together and talk about your home buying and/or selling plans. Contact us at (330) 856-2299 or send us an e-mail to [email protected] and we'll set up a time that is easy and convenient for you to meet.

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William Zamarelli is a proud member of the National Association of REALTORS®, Equal Housing Opportunity. All information deemed reliable but not guaranteed. Real Estate Data on this Web site come in part from the IDX program of CRIS. The IDX database is updated several times daily. Listings presented may not be listed for sale by William Zamarelli Realtors®, but by another brokerage firm. Such listings will be marked with the MLS logo and the listing brokerage firm will be indicated in detailed information about the property.
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