Rye, Rye Brook, Port Chester and Harrison real estate and homes for sale in New York - Jason L. Mehler, REALTOR® REALTOR® Logo - NUMBER1EXPERT™ NUMBER1EXPERT™ Logo

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Real Estate Tips
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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Real Estate Trivia
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What recent hit movie features a field trip scene that supposedly takes place at Columbia University in New York?

A 
The scene in the movie "Spider-Man", where Peter Parker shoots photos of Mary Jane and is bitten by the spider, was actually filmed in the Museum of Natural History in Los Angeles, California.
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Jason L. Mehler, REALTOR®, real estate agent and broker for Rye, Rye Brook, Port Chester and Harrison, New York home listings, property and land for sale - NUMBER1EXPERT™

Jason L. Mehler, Associate Broker
Better Homes and Gardens Rand Realty

29 Locust Avenue
Rye, New York. 10580
Phone: 914-943-6450
Email: JasonLMehler@NUMBER1EXPERT.com

I work to consistently exceed customer/client expectations! When buying or selling your home, choosing the right real estate professional is your first important decision. In such a competitive market, you need the expertise, success and company backing that will help you reach your ultimate goal. And you need a personality that offers courtesy, patience and the energy to help you through this process. I assist buyers and sellers of homes in Rye, Harrison, Rye Brook, Purchase & Port Chester, NY as well as other areas of Westchester County, New York.

ABR CBR CRS ePro Equal Housing MLS REALTOR RELO SRES


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