Christian OsgoodCEO, Multifamily Strategy · CEO at Multifamily Strategy

What Is SELLER FINANCING??

12 Jun 2023 · 0 min

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Seller financing means the seller lends money to the buyer instead of a bank. The buyer signs a promissory note and the seller gets a lien on the property. Everything is negotiable: down payment, interest rate, monthly payment, even whether there's a down payment at all.

Seller financing, you sign a promissory note, which is a promise to pay. There's a deed of trust that protects the seller. They get to put a lien on title and they will take payments in exchange for ownership of the asset. All the terms are negotiable, whether there's a down payment or not and what the interest rate is, how much the monthly payment is, but you get to make the terms work for you. So it's very specific to your personal situation.

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