The Clouse Corner: What is Seller Financing?

from Close to Home · host Brennen Clouse

This week we are talking seller financing, what is it, how does it work, and when is it a good plan?  Hello lovely listeners! We are kicking off the month of June by getting back to our roots, so to speak. What exactly are those roots you might ask? Why, explaining the technical minutia of the world of real estate of course! What a silly question to ask! Up this week is seller financing, what is that you might be asking? Well to give only the briefest of context:  Seller financing is when the seller of a property handles the mortgage process instead of a bank or other financial institution.  Pretty simple right? But why would you want this as a seller or a buyer? Well you'll have to listen to the full episode to find out, but the major appealing aspect is it allows a buyer and seller to create a more tailor made deal. A common case could be parents buying a house for newlyweds and giving them a deal on paying it back over time, but that's just one example. If you have any questions about seller financing, or any other real estate topics, please feel free to reach out to us, we are always happy to answer any questions you might have! We can always be reached via social media: Instagram Facebook Twitter Also online at: TheClouseGroup.com Thanks for listening! Our Opening theme: “Inspired” By Kevin Mcleod (incomptech.com) Other music (in order used): “Low Life High Life” By Dan Henig “Ruination 2” By Vibe Mountain “We Don’t Know How it Ends” By Lee Rosevere (leerosevere.bandcamp.com) Music obtained and Licensed under Creative Commons: By Attribution 3.0 http://creativecommons.org/licenses/by/3.0/

What this episode covers

This week we are talking seller financing, what is it, how does it work, and when is it a good plan? Hello lovely listeners! We are kicking off the month of June by getting back to our roots, so to speak. What exactly are those roots you might ask? Why, explaining the technical minutia of the world of real estate of course! What a silly question to ask! Up this week is seller financing, what is that you might be asking? Well to give only the briefest of context: Seller financing is when the seller of a property handles the mortgage process instead of a bank or other financial institution. Pretty simple right? But why would you want this as a seller or a buyer? Well you'll have to listen to the full episode to find out, but the major appealing aspect is it allows a buyer and seller to create a more tailor made deal. A common case could be parents buying a house for newlyweds and giving them a deal on paying it back over time, but that's just one example. If you have any questions about seller financing, or any other real estate topics, please feel free to reach out to us, we are always happy to answer any questions you might have! We can always be reached via social media: Instagram Facebook Twitter Also online at: TheClouseGroup.com Thanks for listening! Our Opening theme: “Inspired” By Kevin Mcleod (incomptech.com) Other music (in order used): “Low Life High Life” By Dan Henig “Ruination 2” By Vibe Mountain “We Don’t Know How it Ends” By Lee Rosevere (leerosevere.bandcamp.com) Music obtained and Licensed under Creative Commons: By Attribution 3.0 http://creativecommons.org/licenses/by/3.0/