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All agents are NOT alike! Find out why I am a top real estate expert. Call me: 610-649-4500.
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Request My Free Relocation Package! Moving your family to another town or state is a major event in your life! I have helped many families and individuals relocate! Find Out More > View All Offers >
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Roberta Not Only Found Our Lovely Home… “…but handled every detail of the transaction in the most professional way. The Poussots Read Quote > View All Quotes >
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Financing Your Home >Owner Financing
If you are selling a house in which you have a lot of equity, and you don't need that equity to buy a new home, an owner-financing agreement may benefit you and your buyers.
Seller financing arrangements usually involve the buyers securing the largest portion of their purchase money from a mortgage company and getting a smaller second loan from the sellers. For example, they may finance 75% from a lender, put in 15% from savings, and ask the sellers to finance the remaining amount. The terms and interest rates on seller carry-backs are negotiated on a case-by-case basis.
Sellers may be able to negotiate a note that provides a better return on their money than 1-to-5 year CD's or treasury notes. They should ensure that the note protects them to the fullest. Use common sense when considering such a loan, and verify the buyers' income, credit history, and job stability before making your final decision.
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| Q |
What is one of the most unusually shaped buildings in the world?
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| A |
The all-suite Arabian Tower hotel near Dubai is 1,052 feet tall, built on a man-made island and shaped like a boat sail.
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See More Real Estate Trivia > |
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Roberta Barolat Prudential Fox & Roach 338 W. Lancaster Avenue Haverford, PA 10941 610-649-4500 Fax: 610-525-5646 homes-mainline@NUMBER1EXPERT.com
Relocating across the street or around the globe requires the skill and expertise of a Real Estate Professional. Over the past 15 years, Roberta Barolat has worked with hundreds of clients to successfully buy and sell some of the finest homes on the beautiful Philadelphia Main Line. Clients trust, respect and depend on her to manage the details of their real estate transactions. She specializes in domestic and international relocation and works with many clients, including relocating executives, who speak Italian, French and Spanish. Call or email her today!
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