A. Seller carryback financing is not in competition with conventional financing.

1. It is an alternative or a complement to conventional financing.

2. The National Association of Realtors states that advertising “owner will carry for qualified buyers” increases the potential marketplace for buyers by at least 60%!

B. Seller carryback financing works when:

1. The seller is motivated to sell fast.

2. The seller wants “top dollar” for his/her property.

3. The seller doesn’t need all of his/her cash right now.

4. The seller is looking for a good investment when escrow closes.

5. The seller’s property is unconventional enough to not qualify for conventional financing.

6. The buyer is unconventional enough to not qualify for conventional financing.

7. The seller wants to spread his/her taxes over several years.

8. The appraisal or loan is shorted and more cash is needed.

9. The buyer is short of cash.

10. The buyer is getting lump sums of cash some time after closing. (A side benefit here is when the buyer has a 2nd that he/she pays-off with these lump sums of cash, his/her monthly payment drops. Not so if he/she is just making extra payments on the 1st.)

11. The transaction fails a final loan or appraisal review. (Adjust the price and pick-up the difference with a 2nd.)

C. Other information

1. Simultaneous closing can be done.

2. Seasoning solves many problems.

3. We can buy all or part of a note.

4. We deal locally and nationwide.