Seller Financing Makes A Comeback

We have learned that seller financing has become a bigger topic in probable real estate transactions. According to Walter Molony (National Association of Realtors), property owners show more willingness to negotiate terms that will help seal a deal with a buyer who may not be able to meet the requirements of a regular mortgage lender.

Further, high lending rates in the teens made seller financing — in which the seller finances part or all of a home sale — popular in the late 1970s and early 1980s. But high residential prices threaten to keep many prospective buyers out of today's market.

Some real estate and mortgage lending officials express concern about the home financing strategy if the seller is not financially stable. A home owner who has other assets stands a better chance of not being completely depleted by a delinquent buyer.

To learn more about Real Estate in your area contact Nolting Real Estate at 636-391-9997 and/or www.NoltingRealEstate.com