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All real estate agents are not alike, and all real estate agents are not Realtors®. Find the right person to represent you. Call us at 800.498.6707.

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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
Q 
What has a tremendous impact on the U.S. economy, comprising between $10-$15 trillion of the nation's wealth?

A 
Real Estate--it goes through cycles, but still has a long-term record of strong investment return.
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Doug Ranger, REALTOR®, real estate agent and broker for Tarzana, Encino and Woodland Hills, California home listings, property and land for sale - NUMBER1EXPERT(tm)

Doug Ranger
RE/MAX Grand Central

18946 Ventura Boulevard
Tarzana, CA 91356
Toll Free: 800.498.6707
Doug's Cell: 805.208.2488
Fax: 801.303.7032
Doug: Doug@DougRanger.com



RE/MAX Grand Central is licensed in the State of California.

The Ranger Team of RE/MAX Grand Central specializes in friendly, high-tech personalized service to home buyers and home sellers.

We have a strong Internet presence and believe in saturation marketing.

We use four multiple listing services and have built a very effective referral network to find and sell property.

Please consider us your online, in-touch real estate consultants for all your property needs in Los Angeles County and Ventura County.

Call or email anytime. We're always ready to help.

REALTOR ABR CDPE ePro GRI SRES




RE/MAX Grand Central

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