{"id":7897,"date":"2018-02-26T04:09:23","date_gmt":"2018-02-26T04:09:23","guid":{"rendered":"http:\/\/www.realestatewords.com\/?page_id=7897"},"modified":"2022-08-15T13:24:50","modified_gmt":"2022-08-15T13:24:50","slug":"seller-financing","status":"publish","type":"page","link":"https:\/\/www.realestatewords.com\/seller-financing\/","title":{"rendered":"Seller Financing"},"content":{"rendered":"<h2>Seller Financing Definition<\/h2>\n<p><strong>Seller financing<\/strong> or <strong>owner financing<\/strong> means the seller agrees to finance the buyer&#8217;s purchase of real estate instead of having the buyer get a <a href=\"https:\/\/www.realestatewords.com\/loan\/\">loan<\/a> from another <a href=\"https:\/\/www.realestatewords.com\/lender\/\">lender<\/a> and pay the whole amount to the seller at closing.<\/p>\n<h2>Explanation<\/h2>\n<p>Seller financing functions similarly to that of a real estate transaction with a traditional <a href=\"https:\/\/www.realestatewords.com\/mortgage\/\">mortgage<\/a>, except the seller is extending financing to the buyer without the involvement of a bank or other lenders.<\/p>\n<p>In a seller financing transaction, the buyer agrees to make monthly installment payments to the seller for the term of the loan.<\/p>\n<p>In seller financing, the seller takes on the active role of a lender, and the buyer signs a <a href=\"https:\/\/www.realestatewords.com\/promissory-note\/\">promissory note<\/a> that outlines the terms of the loan.<\/p>\n<p>The closing costs for a buyer in a seller financed transaction is usually a lot lower than in a traditional <a href=\"https:\/\/www.realestatewords.com\/closing\/\">real estate closing<\/a>.<\/p>\n<p>&nbsp;<\/p>\n<div class=\"shortcode_tabs horiz_tabs\"><div class=\"scT\"><ul class=\"scT-tab clearfix\"><li class='tS' style='width:100%;'><a>Expert Contributor<\/a><\/li><\/ul><div class='scTC scTC450' style='display:block;'><p>\n<p><strong><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-10493\" src=\"https:\/\/www.realestatewords.com\/wp-content\/uploads\/2022\/08\/Logan-Bush-Real-Estate-Investor.jpg\" alt=\"Logan Bush headshot\" width=\"150\" height=\"180\" \/>Logan Bush<\/strong><\/p>\n<p><em>RESIDENTIAL REAL ESTATE INVESTOR<br \/>\n<\/em><\/p>\n<p>Expert contributor at RealEstateWords.com<\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/www.realestatewords.com\/contributors\/logan-bush\/\"><strong>View profile<\/strong><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<\/p><\/div><\/div><\/div>\n<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-10688 aligncenter\" src=\"https:\/\/www.realestatewords.com\/wp-content\/uploads\/2020\/03\/Real-Estate-Words-Contributor.png\" alt=\"Real Estate Words Contributor badge\" width=\"200\" height=\"168\" \/><\/p>\n<p style=\"text-align: center;\"><div class=\"su-note\"  style=\"border-color:#dadada;border-radius:3px;-moz-border-radius:3px;-webkit-border-radius:3px;\"><div class=\"su-note-inner su-u-clearfix su-u-trim\" style=\"background-color:#F4F4F4;border-color:#ffffff;color:#333333;border-radius:3px;-moz-border-radius:3px;-webkit-border-radius:3px;\">Interested in becoming a contributor? Apply for our <a href=\"https:\/\/www.realestatewords.com\/contributor-program\/\">Expert Contributor Program<\/a>.<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Seller Financing Definition Seller financing or owner financing means the seller agrees to finance the buyer&#8217;s purchase of real estate instead of having the buyer get a loan from another lender and pay the whole amount to the seller at closing. Explanation Seller financing functions similarly to that of a real estate transaction with a [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"_links":{"self":[{"href":"https:\/\/www.realestatewords.com\/wp-json\/wp\/v2\/pages\/7897"}],"collection":[{"href":"https:\/\/www.realestatewords.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.realestatewords.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.realestatewords.com\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.realestatewords.com\/wp-json\/wp\/v2\/comments?post=7897"}],"version-history":[{"count":3,"href":"https:\/\/www.realestatewords.com\/wp-json\/wp\/v2\/pages\/7897\/revisions"}],"predecessor-version":[{"id":11406,"href":"https:\/\/www.realestatewords.com\/wp-json\/wp\/v2\/pages\/7897\/revisions\/11406"}],"wp:attachment":[{"href":"https:\/\/www.realestatewords.com\/wp-json\/wp\/v2\/media?parent=7897"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}