How does seller financing work?
Hello,
I am trying to buy a commercial property from someone that has the property "For Sale or Lease." Does anyone know how "Seller Financing" works? Any tips or experiences would be greatly appreciated
Hello,
I am trying to buy a commercial property from someone that has the property "For Sale or Lease." Does anyone know how "Seller Financing" works? Any tips or experiences would be greatly appreciated
i’d just go talk2 the owner & ask them
If a property has a "For Sale or Lease" that does not mean the seller is willing to seller finance it.
Seller Financing is when a buyer signs a Note and Deed of Trust to the Seller. You pay them a monthly note with interest like you would a bank. The seller signs a Deed with Vendor’s Lien deeding you the property, but it has a lien against the property until paid.