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.