Straight Talk About Real Estate

Interest rates have been so low with so many types of programs for buyers that seller financing has been very rare in recent years. However, I saw a use for it recently.

The buyer and seller agreed on a sales price of $585,000. However, the appraisal came in at $540,000. This house has been completely overhauled, it is like a new home. But the comparable sales show a low value because it is in an area of older homes.

By carrying the difference between the sales price and the appraised value in the form of a second trust deed, the seller was able to sell the home and the buyer was happy to be able to buy. For further information on how to do this, you are welcome to e-mail me.