Pondering seller-financed deals
Wenatchee Valley Business World
Authors: Michelle Green and Clay Gatens
The current state of the economy and its impacts on bank lending make seller-financed transactions more and more attractive to both buyers and sellers of real estate, whether they are young entrepreneurs or seasoned business persons.
Sellers may earn a better return on their money by acting as the bank in these transactions, as well as creating a larger pool of potential buyers for their property, while buyers avoid the costs and delays associated with bank lending. Additionally, buyers of seller-financed property often enjoy flexible terms and conditions that make the purchase possible.