Creative financing: How to write 1001 purchase offers sellers can\'t resist

In normal real estate markets, only a few sellers are willing to take on the role of financier. However, now days that portion of mortgage financing is likely larger than it was a few years ago when lenders had plenty money to lend. Today’s home buyers are having a tough time finding mortgage money and sellers are having a tough time finding buyers.

Seller financed mortgages come in a variety of formats. All terms are normally negotiable between the buyer and seller. The best financing from the seller almost always occurs with properties that are mortgage free and clear. The seller simply accepts a note as a legally binding loan contract from a qualifying buyer.

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