Seller Financing

Seller financing is a real estate arrangement where the seller provides a loan to the buyer to purchase the property instead of requiring a traditional mortgage from a bank. The buyer makes regular payments directly to the seller, which can make it easier for individuals who may not qualify for a bank loan. The terms, including interest rate and repayment schedule, are negotiated between both parties. This method can benefit sellers by attracting more buyers and providing a steady income, while buyers gain access to financing that might otherwise be unavailable.