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Invaluable advice, professionalism & dedication
"We were surprised at the degree of personal involvement thru-out the entire process! You guided & offered excellent advice, & follow up was incredible! Your help in both the sale of our home & building of a new one was invaluable! Peace of mind, timely advice & concern for our interest was most appreciated! A letter cannot attest to all the help we received! But let me state you made the whole process from start to finish a painless one! We would highly recommend you!!"
Joe & Carol Pavlicek - Leawood, KS
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Financing Your Home >Owner Financing
If you are selling a house in which you have a lot of equity, and you don't need that equity to buy a new home, an owner-financing agreement may benefit you and your buyers.
Seller financing arrangements usually involve the buyers securing the largest portion of their purchase money from a mortgage company and getting a smaller second loan from the sellers. For example, they may finance 75% from a lender, put in 15% from savings, and ask the sellers to finance the remaining amount. The terms and interest rates on seller carry-backs are negotiated on a case-by-case basis.
Sellers may be able to negotiate a note that provides a better return on their money than 1-to-5 year CD's or treasury notes. They should ensure that the note protects them to the fullest. Use common sense when considering such a loan, and verify the buyers' income, credit history, and job stability before making your final decision.
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| Q |
What famous writer's home is Rowan Oak?
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| A |
Rowan Oak in Oxford, Mississippi, was the home of William Faulkner from 1930 until his death in 1962.
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