Seller Financing Options
Flrodia Home Sales in Palm Beach County, Martin County, St Lucie County

Seller Financing Information - 

In a seller financed real estate transaction, the seller will function directly as the lender where a buyer will make their monthly mortgage payment to the seller instead of a bank or lending institution.


Typically buyers who look to utilize Seller Financing as an option to purchase real estate property are not able to qualify for a traditional mortgage loan due to a low credit score or failing to meet all underwriting requirements. Also, cutting out the banks and mortgage lenders and using the seller to finance the transaction can be seen as a good thing even though there are risks associated that should be taken into consideration.


During the transaction, a buyer will sign a promissory note that lists details such as the interest rate, the repayment schedule, as well as the defaulting consequences.


A great advantage of this type of real estate transaction is the down payment of the loan can be whatever both parties to the contract agree upon instead of a fixed percentage tied to the amount of the loan. Another advantage is that the entire closing process can be faster and cheaper since all the documentation does not have to go through the underwriting process at the lender. It has the ability to be cheaper by not having to pay certain closing cost fee’s and a lower APR.


As a buyer considering this type of home owner financing, do not forget that just because a seller is not a bank, there may be a credit check involved and turned down if considered a risk.
Flrodia Home Sales in Palm Beach County, Martin County, St Lucie County
Why should you work with a REALTOR®?

It's a common question that we hear a lot, but it can be simply summed up with 7 simple reasons that don't even include the money gains that you stand to earn from your real estate sales. REALTORS® aren’t just agents. They’re professional members of the National Association of REALTORS® and subscribe to its strict code of ethics. If you're considering purchasing or selling a home in Palm Beach County, Martin County, St Lucie County, or anywhere else in Florida, then you REALLY need a realtor for many other reasons not even mentioned below.  There's a LOT more to it than most people realize, and the cost in time, money & energy to you for not having a REALTORS® can be staggering!

This is the REALTOR® difference for home buyers:
  1. An expert guide. Selling a home usually requires dozens of forms, reports, disclosures, and other technical documents. A knowledgeable expert will help you prepare the best deal, and avoid delays or costly mistakes. Also, there’s a lot of jargon involved, so you want to work with a professional who can speak the language.

  2. Objective information and opinions. REALTORS® can provide local information on utilities, zoning, schools, and more. They also have objective information about each property. REALTORS® can use that data to help you determine if the property has what you need.

  3. Property marketing power. Property doesn’t sell due to advertising alone. A large share of real estate sales comes as the result of a practitioner’s contacts with previous clients, friends, and family. When a property is marketed by a REALTOR®, you do not have to allow strangers into your home. Your REALTOR® will generally pre-screen and accompany qualified prospects through your property.

  4. Negotiation knowledge. There are many factors up for discussion in a deal. A REALTOR® will look at every angle from your perspective, including crafting a purchase agreement that allows you the flexibility you need to take that next step.

  5. Up-to-date experience. Most people sell only a few homes in a lifetime, usually with quite a few years in between each sale. Even if you’ve done it before, laws and regulations change. REALTORS® handle hundreds of transactions over the course of their career.

  6. Your rock during emotional moments. A home is so much more than four walls and a roof. And for most people, property represents the biggest purchase they’ll ever make. Having a concerned, but objective, third party helps you stay focused on the issues most important to you.

  7. Ethical treatment. Every REALTOR® must adhere to a strict code of ethics, which is based on professionalism and protection of the public. As a REALTOR®’s client, you can expect honest and ethical treatment in all transaction-related matters.

When looking for homes for sale in Palm Beach County, Martin County and St. Lucie County, Florida Home Sales can help you find your ultimate dream home.

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