What is Seller Financing? Watch Demo

Seller financing (also known as an owner carryback, a land contract, or a private party mortgage), is when the seller allows the buyer to purchase property over time. Instead of receiving a lump sum of cash at the time of sale, the seller receives principal and interest payments directly from the buyer.

Seller financing has many advantages:
	As a seller, you can transform equity into a monthly income stream, typically earning 8-11% interest.
	Buyers with less-than-perfect credit can purchase property.
	It’s easier to sell non-standard property, such as undeveloped land.
	Your closing costs can be much lower.
	Terms are set by the seller and the buyer, giving both greater flexibility.
	If you ever decide to sell your note for cash, it will be worth more because you had it serviced.

Learn about the many other advantages of seller financing:
 Seller advantages
 Buyer advantages
 Professional advantages