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Why Sellers Choose The Bishop Team - Why home sellers in Wichita Falls, Burkburnett and Sheppard Air Force Base choose The Bishop Team. Free Presentation - Free in-home listings presentation on marketing your Wichita Falls, Burkburnett and Sheppard Air Force Base, in Wichita County Texas property. Property Valuation - How much is your Wichita Falls, Burkburnett and Sheppard Air Force Base home worth? What Did That Home Sell For? - What did that Wichita Falls, Burkburnett and Sheppard Air Force Base, Texas property or other real estate sell for? FSBO - Selling your Wichita Falls, Burkburnett and Sheppard Air Force Base real estate on your own? Go to Main Sitemap - Main sitemap sections include Find Wichita Falls, Burkburnett and Sheppard Air Force Base Homes, For Home Buyers, For Home Sellers, Wichita Falls, Burkburnett and Sheppard Air Force Base Information, Real Estate Resources, and About The Bishop Team.
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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.
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| Q |
What kind of home construction is considered to be the safest in seismic areas?
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| A |
Straw-bale homes in seismic zones have proven resilient enough to withstand the shock of earthquakes. |
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