If you need help putting something together on an owner carry, let me know. This is a great time to negotiate your own interest rate with a seller who is willing to carry.
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Hope this helps!
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You received good information from all the responders and here is a great article about Seller Financing...
I also did a video on the subject and you can view it at
Seller will carry means thgat the seller is offering financing on his property. It can be an opportunity to buy when regular lender standards won't let you qualify. The seller becomes your bank. They can carry a note for the whole amount of the purchase price, or even part of it.
It's worth looking into as an alternative. Let me know if you have any questions at all.
I hope that helps!
It means the owner of the house will finance part or all of the transaction and act as a lender. This is typically written into the purchase agreement which spells out the terms of the financing the owner will furnish.
An owner will do this when they do not want any or all of the equity out of the house and is in favor of helping a buyer purchase the home.
Best to you,
Mark & Kari Shea
Shea Real Estate