(Updated November 2011)
Seller financing offers advantages to both sellers and buyers. Sellers have an opportunity to widen the pool of potential buyers, and buyers have an opportunity for homeownership even if they are unable to obtain a mortgage through conventional channels. But seller financing can be risky unless structured with some protections in place. Learn about the various forms of seller financing – such as seller carry-back, lease options, installment sales – and what risks to avoid in this Updated Field Guide. (M. Martinez-Garcia, Manager, Library & Information Services)
Seller as Lender
Sellers Can Fill a Void, (REALTOR® Magazine, July 2011).
When the Seller is the Lender, (The New York Times, June 2, 2011).
REALTORS® score a win on seller financing, (The Wall Street Journal, June 23, 2010).
In buyer's market, seller-financing might suit owner getting few offers, (The Washington Post, June 10, 2010).
Seller as lender, (New York Times, Mar. 24, 2010).
How I sold it: an uphill battle, (REALTOR® Magazine, Feb. 2010).
How I sold it: tapping creative financing, (REALTOR® Magazine, Oct. 2009).
Homes for sale: owner financing catching on in Miss., (Hattiesburg American, Aug. 30, 2009).
The wisdom of seller financing, (The Wall Street Journal, Aug. 28, 2009).
Seller financing may be worth exploring, (REALTOR® Magazine, Dec. 2008).
Lease options are back: proceed carefully, (Realty Times, Oct. 25, 2011).
Lease-to-own deals offer options in sluggish Tampa Bay housing market, (St. Petersburg Times, Oct. 23, 2011).
Can I get a lease option with bad credit?, (Realtor.com, May 5, 2011).
How lease-options benefit sellers, buyers ... and their REALTORS®?, (CRE Online, n.d.).
Thought about lease-to-own transactions?, (REALTOR® Magazine - Speaking of Real Estate blog, Aug. 6, 2009).
eBooks & Other Resources
The following eBooks and digital audiobooks are available to NAR members:
American Mortgage (Adobe eReader)
Buying Real Estate Without Cash or Credit (Kindle, Adobe eReader)
Financing your condo, co-op or townhouse (Adobe eReader)
Mortgage Myths (Adobe eReader)
Saving the deal: how to avoid financing fiascos and other real estate deal killers (Kindle, Adobe eReader)
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