In a difficult selling environment, there is one surefire way for a property owner to lure buyers. That approach, which is not without risks, is seller financing.
Any risks can be minimized, and the strategy can prove to be win-win for buyer and seller alike: The seller gets to unload a property and obtain a higher rate of interest than with most other options, while the buyer avoids the hassle and uncertainty of borrowing from a conventional lender.
As Rockville lawyer Harvey S. Jacobs has pointed out in the Washington Post, it is essential for the seller to insist on a substantial down payment of at least 30 percent.
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