seller financing

Seller financing

Funding a purchase by a seller's loan to the buyer, the buyer takes full title to the property when the loan is fully repaid.

Seller Financing

An agreement between a buyer and a seller of an asset, usually real estate, where the seller directly holds the debt. That is, rather than going through a financial intermediary such as a bank, the seller and the buyer conclude the transaction and the buyer makes payments on the asset at the agreed-upon rate of interest directly to the seller. This is useful for the buyer when he/she could not otherwise obtain financing. It can also be useful because the interest rate is often lower. Likewise, the seller can often receive a higher return on the sale of the house because he does not have to pay commissions or other costs to the financial intermediary.

seller financing

The practice of a seller of real property holding some or all of the debt necessary to purchase the property. It is widely believed that seller financing is the last resort of borrowers who cannot obtain financing elsewhere,and the last resort of owners who cannot sell their property without offering it to buyers who cannot obtain financing.In reality,many property owners prefer to finance the sale of their properties,thereby earning a better rate of return on their money than if they obtained cash and then attempted to invest that cash in the marketplace.By the same token, many purchasers are able to secure somewhat cheaper mortgage loan interest rates than generally available in the marketplace if a seller will hold the financing.

References in periodicals archive ?
Kansas City, MO, May 14, 2019 --(PR.com)-- Today, Mid-America Association of Real Estate Investors announced that the Note Queen, Dawn Rickabaugh will be the guest speaker at the June 11th monthly meeting speaking on Seller Financing and Notes.
Seller Financing of Real Estate is an alternative for these home buyers to be able to purchase a home, a rental property or other real estate.
*HOT*Preschool and Childcare Center with seller financing in eastern Hillsborough County for sale with SELLER FINANCING that is very clean and has been established over 26 years with RE included.
With third-party financing so hard to secure, most business owners have turned to seller financing as a way to close the sale of their businesses.
Under the right circumstances, seller financing can provide an attractive solution.
* Seller financing. A buyer and seller agreed on a $5.5 million purchase price, but the local banker offered financing for only $4.5 million based on the seller's $500,000 of equity and seller notes of $2 million.
SOLID BUSINESS WITH SOLID FINANCIALS AND SELLER FINANCING 11 Year Established Pressure Cleaning Business in Central Florida.
Many prospective buyers are submitting offers with a request for Seller Financing for both first and second mortgage positions.
"We met the seller's price expectation and made the acquisition feasible for the buyer with creative seller financing," Trionfo said.
SELLER FINANCING & includes $150k+ new equipment & build-out.
The price for the property is in the $9 million to $12 million range and 65 to 75 percent seller financing is available, according to Jonathan Miller, executive vice president, and Miriam Halpert, a senior vice president, James Felt/Grubb & Ellis, agents for the property.
Long term lease, $2,600 includes CAM, tax...Seller will accept seller financing for qualified individual.