The concept of seller financing has been caught quite quickly and is very useful for those who plan to buy their first Atlanta investment property. It also helps people who cannot get loans from normal or traditional routes. One does not have to deal with financial institutions and because of low interest rates, you will find that he facilitates the purchase of investment property. It is possible to refinance and sell and build credit when refinancing for lower payments. The seller can take 30 years and spread on it. Given the seller of the real estate market today has made a seller financing expanding and regular so that the process is also standard.
When it comes to selling property, sellers are interested in some of the goals they want to fulfill. For one, they want to sell as soon as possible because they want to avoid situations where the property sits on the market for years. They also want to pay as many taxes as possible. When the real estate market is slow, one way to encourage Atlanta investment property and make sales is to offer seller financing. In some cases, 100% owner financing offered while in other people, sellers open to partner with the right buyers.
Seller financing can provide sellers of the advantages they need to overcome the main purchase obstacles, open their property to more potential buyers. Their sellers and agents often reveal the attitude that buyers financing is the problem of buyers, not theirs. Maybe, but facilitating buyers financing will definitely appeal to the seller. Sellers can also contribute up to 6% of the selling price to help cover closing costs. This allows many home buyers first time (or experienced investors) to buy a house with a little or no money down.
Another example of the seller’s financing is the seller’s mortgage is transferred to an extended buyer and loan in the name of the seller. Property ownership is transferred to the buyer when the selling certificate is signed by the seller. The seller also wants to avoid large tax liabilities at their Atlanta investment property and of course not interested in waiting for a very large time like thirty years or more to get the return of their investment property. All of these needs can be fulfilled by installment sales than conventional sales.