|
|
|
For Home Buyers:
Why Buyers Choose Kathryn Barcellona - Why homebuyers looking for a real estate agent in the Hunterdon County and Somerset County area choose Kathryn Barcellona. Latest Listings - Get Kathryn Barcellona's latest Hunterdon County and Somerset County listings of homes for sale first! Find Your Perfect Home - Kathryn Barcellona will search for your ideal home and email you the newest Hunterdon County and Somerset County MLS listings of properties in Hunterdon County NJ. First Time Homebuyers - Are you a first time homebuyer in Hunterdon County and Somerset County, NJ? Choose a top real estate agent. Kathryn Barcellona can guide your home buying search. Mortgage Prequalification - Pre-qualify for a mortgage or loan for your Hunterdon County and Somerset County house or other real estate or property. Go to Main Sitemap - Main sitemap sections include Find Hunterdon County and Somerset County Homes, For Home Buyers, For Home Sellers, Hunterdon County and Somerset County Information, Real Estate Resources, and About Kathryn Barcellona. 
Please Sign Up For The Latest Listings and the Latest Real Estate News
Financing Your Home >Owner Financing
If you are selling a house in which you have a lot of equity, and you don't need that equity to buy a new home, an owner-financing agreement may benefit you and your buyers.
Seller financing arrangements usually involve the buyers securing the largest portion of their purchase money from a mortgage company and getting a smaller second loan from the sellers. For example, they may finance 75% from a lender, put in 15% from savings, and ask the sellers to finance the remaining amount. The terms and interest rates on seller carry-backs are negotiated on a case-by-case basis.
Sellers may be able to negotiate a note that provides a better return on their money than 1-to-5 year CD's or treasury notes. They should ensure that the note protects them to the fullest. Use common sense when considering such a loan, and verify the buyers' income, credit history, and job stability before making your final decision.
|
 |
| Q |
What are three of the best indicators of real estate market trends?
|
| A |
Existing home sales, new home building and mortgage interest rates.
|
 See More Real Estate Trivia > |
|
NUMBER1EXPERT®
© Homes Media Solutions™, a division of Dominion Enterprises and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.
|
homes@kbarcellona.com
