Five Tips For Seller Financing


If you want something done right, do it yourself. Even when it comes to lending a buyer the money to purchase your house.

According to the National Association of Realtors, seller financing is on the rise. For frustrated sellers with plenty of equity in their homes, it could be one way to help move a stalled property off the market.

There are plenty of people who have cash on hand, good jobs and pay their bills on time but don't have good enough credit to get a loan, says Vince Scott, CEO of Intero Real Estate Services in Nevada. A self-described "fixer and flipper," Scott has successfully offered short-term seller financing on several occasions. It's "neighbor helping neighbor," he said, "good old-fashioned American spirit."