benefits of seller financing

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Charles Still

Russell & Jeffcoat Realtors

5599 Sunset Blvd

Lexington, SC, 29072

Office: 803.233.7544

Cell: 803.240.3320

Charles@CharlesStill.com

benefits of seller financing

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What are the benefits of seller financing?

Seller financing offers tax breaks for sellers and alternative financing for buyers who can't qualify for conventional loans.
If you are a seller, the risks you face are the same as those facing any lender: Is the borrower a good credit risk? Will the Lexington, South Carolina property hold enough value over time to allow for the repayment of all loans made against it?
You should run a full credit check on the borrower, require hazard insurance on the property and include a due-on-sale clause. There also are financing, disclosure and repayment-term requirements that need to be met. It is wise to consult a lawyer when putting together this kind of transaction.

Questions about Lexington, South Carolina Real Estate?

Ask us below or Call us Now at (803) 233-7544