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INSTANT LISTINGS
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Location: Baraboo
Type: Single Family Home
Bedrooms: 3
Bathrooms: 1
MLS#: 1585519
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Location: Middleton
Type: Condo
Bedrooms: 2
Bathrooms: 1
MLS#: 1585019
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Location: Madison
Type: Condo
Bedrooms: 2
Bathrooms: 2
MLS#: 1585023
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Location: Verona
Type: Single Family Home
Bedrooms: 3
Bathrooms: 1 full, 1 half
MLS#: 1581455
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Location: Madison
Type: Condo
Bedrooms: 2
Bathrooms: 1 full, 1 half
MLS#: 1581245
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Location: Windsor
Type: Single Family Home
Bedrooms: 3
Bathrooms: 2 full, 1 half
MLS#: 1580922
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Location: Albany
Type: Business/Commercial
Bedrooms: 3
Bathrooms: 2 full, 1 half
MLS#: 1579347
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Location: Madison
Type: Single Family Home
Bedrooms: 5
Bathrooms: 1 full, 1 half, 3 3/4 baths
MLS#: 1580408
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Location: Madison
Type: Condo
Bedrooms: 2
Bathrooms: 1
MLS#: 1580042
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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 |
To what process do the terms closing, escrow, settlement and passing papers refer?
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| A |
These terms, which vary in different parts of the country, describe the conclusion of a real estate sale. |
 See More Real Estate Trivia > |
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NUMBER1EXPERT®
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All rights reserved. All information deemed reliable but not guaranteed.
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