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Next....Baby To Fill the House
We would like to thank you for everything you have done. All the time and effort you put in on getting our wonderful house. Not only is it what we were looking for it's brand new and at a price we fell comfortable. I know this was rocky there for awhile, but thanks for staying there by our sides and fighting for us. Next on our goals..a baby to fill the house. We'll let you know how that goes.
Joe and Karen Lopez, Fillmore, Ca.
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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 does the common acronym FSBO (pronounced fizzbo) stand for?
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| A |
For Sale By Owner. (Between 85 to 95% of existing homes are sold with a Realtor's help.)
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- NUMBER1EXPERT™ 
