What is Seller Financing?

Seller financing, also known as owner financing, is a type of agreement in which the seller of a property agrees to finance the buyer rather than requiring them to obtain a traditional loan. A seller financing agreement typically requires the buyer to make a down payment to the seller and then make regular payments (with interest) over a set period of time, often several years, until the purchase price is fully paid off. It can be a win-win situation for both parties because it allows the seller to generate ongoing income from the sale.


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