cramerjohn004
Forum Regular
Join Date: 12.10.2021
Posts: 414
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Posted: 2.3.2023 3:56:38
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This type of financing is good for both the Seller and the buyer. Unlike the traditional lending process, with Seller Financing the terms are negotiable between the parties involved. When a traditional lender sets the terms of a loan, it is more difficult to negotiate changes in the terms.
When you are dealing with the Seller of a property or business, you are talking directly to the person that will be receiving the loan payments. You can have input in the payment amount, when payments are due, the interest rate, when payments start etc.
To find Sellers willing The Continuum Price to provide financing check the newspapers or the Multiple Listing Service (if you are working with a real estate agent) and look for ads that say "no bank qualifying, " or "Seller will hold a Note,"
You may have to educate a seller on understanding Seller Financing. Although it''s been done for many years, most sellers do not know about this option. It would be helpful if you understand seller financing and it''s benefits so that you can impart that information to your Sellers. You can research the subject in depth on the Internet.
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