07/24/2024
Did you know?
Owner financing is a good way to sell/buy small commercial properties.
Definition:
Owner financing, or seller financing, is a real estate transaction where the seller provides the buyer with a loan to purchase the property. This bypasses traditional mortgage lenders. The buyer makes a down payment and pays the remaining balance over time directly to the seller. This method can be advantageous for buyers with credit issues or insufficient down payments, but it often comes with higher interest rates and potential risks like balloon payments and foreclosure.
