Seller Tip#6
Especially in a Buyer's market, consider Seller financing.
You can earn a considerably higher interest rate that the regular
market offers for traditional savings. Since the second mortgage
gets paid after the first mortgage, it makes sense to check the
financial background of the buyer and demand a substantial
down payment to protect against the risk of foreclosure.
Your REALTOR is trained to help you identify areas of
concern about your Buyer's financial qualifications. Ask
her for help.
Sent to you courtesy of Sandy Tower, Broker Associate
Toll free-877/964-5800 or
800/666-3530 x 1195
sandy@sandytower.com