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"Mark is Fantastic!"
"Mark is Fantastic - our only regret is that we didn't use him sooner! Mark is very creative and is always trying new angles to achieve success."
"Tom and Corey Fletcher" 2008
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Financing Your Home >Owner Financing
If you are selling a house in which you have a lot of equity, and you don't need that equity to buy a new home, an owner-financing agreement may benefit you and your buyers.
Seller financing arrangements usually involve the buyers securing the largest portion of their purchase money from a mortgage company and getting a smaller second loan from the sellers. For example, they may finance 75% from a lender, put in 15% from savings, and ask the sellers to finance the remaining amount. The terms and interest rates on seller carry-backs are negotiated on a case-by-case basis.
Sellers may be able to negotiate a note that provides a better return on their money than 1-to-5 year CD's or treasury notes. They should ensure that the note protects them to the fullest. Use common sense when considering such a loan, and verify the buyers' income, credit history, and job stability before making your final decision.
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| Q |
What was a sure way to accumulate wealth through the 1970s and early 1980s?
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Many people made their fortunes in real estate during this period. |
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Mark Riggle
RE/MAX Irish Hills
14589 W. US 223
Manitou Beach, MI. 49253
(517) 467-3003
(517) 206-4474
Fax: (517) 467-3006
Email: MarkRiggle@NUMBER1EXPERT.com
I have lived in Southeast Michigan and Northwest Ohio all my life. I have
been a licensed REALTOR since 1978 and have worked in the industry full time
since 1995. The areas surrounding the Irish Hills are among the most
beautiful anywhere, and my love for the lakes and farms is best illustrated
through my business. I have been the number one agent in my company since
1996, and am the top agent in lakefront sales in both Jackson and Lenawee
Counties.* I am involved with my clients personally and am always thrilled
to be part of the realization of their dreams. My dream is to help people
and I believe that dreams are chain reactions, so I put my success to work
in my community. With every one of my transactions, I support Children's
Miracle Network in Southern Michigan. This year I also worked to raise money
for the Komen Race for the Cure to help fund breast cancer research.
Additionally, I work with my church to raise money for our sister church in
Uganda, Africa. I look forward to doing business with you - and for you.   
www.MarkRiggleTeam.com is brought to you by
Mark Riggle
NUMBER1EXPERT™ in real estate for
Irish Hills Area, Brooklyn, Onsted and Manitou Beach, Michigan Read My
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