If you are like most people selling a
By way of quick review, a seller take-back loan is created when the seller of a property agrees to lend the buyer a certain amount of money toward the property purchase price. In doing so, the
Both the buyer and seller can gain substantial benefits from using the seller take-back financing technique. And the best deal always benefits all of the parties involved. Some buyers are able to purchase the house without having to increase their down payment. They also greatly benefited, by working out favorable repayment terms on the seller take-back loan that fit their repayment budget and timetable.
The sellers benefit by selling the house more quickly and by receiving the asking price, which is more than they might have received in a traditional transaction. In addition, the seller received additional benefits by creating a steady monthly cash flow in the amount of the payments. As an added benefit, the seller will get many additional profits above the selling price in the form of interest earned on the seller take-back loan, and always has the option of selling the loan at any time for a lump sum of cash.
In summary, using seller take-back financing techniques not only helps sell a property for more, but it also benefits both parties in ways that help close the deal quickly.
If you are planning to sell a property and would like to learn more about how you can use seller take-back financing most effectively for your Wenatchee real estate, I would be glad to help in