How to Offer Seller Financing on Your Home

Video Transcript

"Hello, my name is Penny Smith, and I'm a North Carolina real estate broker. Today I would like to talk to you about how to offer seller financing on your home. When you're selling your home, and you want the best possible price on that home, so you want that home sold as quickly as possible, it's also very good to offer a little bit of seller financing, so that people that may not have the full down payment can still buy your home and consider your home. And you have the most opportunity to capture the best buyer for your home. You need to hire a real estate agent to go over all the paperwork and all the legal ramifications of doing some seller financing. You need to know that that seller financing will take second lien holders position on the deed. The mortgage company will take first. You need to hire a real estate attorney to draw all the paperwork for you so that you are properly protected when it comes time to writing that contract. A real estate attorney needs to be involved in writing the contract. That is how you should go about doing seller financing on a house that you want to sell. Thank you and I hope you have a great day."