When selling your home, traditional methods often involve buyers securing financing through banks or mortgage lenders. However, another option can benefit both sellers and buyers: seller financing. This alternative approach allows the seller to act as the lender, offering the buyer a loan to purchase the property. This can open the door to a wider pool of potential buyers, offer attractive terms, and even potentially expedite a smooth home selling process. However, the risks weigh heavier on the seller, so seller financing requires thorough consideration.
For informational purposes only. Always consult with an attorney, tax, or financial advisor before proceeding with any real estate transaction.
Seller Financing at a Glance
- Seller