A real estate deal which uses the seller to finance part of the purchase price instead of a bank.
A loan provided by the seller of property to its buyer.
A creative method in real estate where the seller of a property agrees to finance all or some of the property. In a sense, the owner acts like a bank.
Funding a purchase by a seller's loan to the buyer, the buyer takes full title to the property when the loan is fully repaid.
The buyer promises to pay the seller of the business (once a down payment is made) certain sums over a specified period of time. In this way, the seller lends to the buyer to facilitate the purchase.
When the current owner of a house holds the mortgage loan for the buyer.
An agreement between the seller and the buyer of a property whereby the seller finances the sale to the buyer. Also known as owner financing, and seller carry-back.
The seller allows the borrower to use a portion of the equity in the property to finance the purchase.
An agreement in which a seller provides financing needed by a buyer to purchase the seller's home. The agreement often is reached when the buyer has insufficient funds for a down payment.
Also known as "vendor take-back mortgage" or "mortgage back", where the seller of a property agrees to payment of part of the purchase price over time with the debt to the seller registered on title as a mortgage.
A financing agreement made by the seller for all or part of the financing needed by the buyer to purchase the seller's property.
A financing agreement in which a seller provides part or all of the financing needed by the homebuyer.
A loan made by the owner of property to the purchaser to cover part or all of the sales price. While common with both residential and commercial real estate, seller financing, or owner financing as it is also called, becomes a very popular means of "making the deal work" when interest rates are high. During such times, the purchaser who is unable to qualify for a loan from a traditional lender often turns to the seller and makes an offer to purchase contingent upon seller financing.
The seller allows the borrower to finance the property, using a portion of the seller’s equity in the property.
Agreement where the seller provides the financing for a purchase. Seller carry-back & seller take-back are similar terms.
A “creative financing” technique in which an owner sells property, usually real estate, to a buyer. This technique is often used if the market interest rates are too high for the buyer and the seller does not require principal from the sale. The title or deed transfers only at full payment of the loan and any foreclosure results in the property reverting to the seller. Seller financing was very popular during the 1980s when real estate values escalated. Buyers used seller financing to arrange “no money down” purchases of real estate.