My Buyer, My Seller

My Buyer, My Seller

It took about a week, but just negotiated a seller carryback on a $200,000+ lot in NE Tucson.  A seller carryback is synonymous with seller financing, whereby the seller agrees to accept monthly or quarterly payments, thus alleviating a buyer from jumping through lending rules and costs.

The buyer typically comes in with a substantial down payment (25%+), enough for the seller to feel justly compensated in the event seller has to foreclose on buyer for non-payment…..which, by the way, I have not seen happen in my 35+ years of selling Tucson land.

Offering selling financing may not increase the value of a property, but it really might make a difference in the property selling sooner rather than later.

By |2015-11-19T12:51:30-07:00November 19th, 2015|Uncategorized|0 Comments

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