Want the most current listing information? Need local real estate advice? Call me:800-409-7062.
Sign Up For My eNewsletter, FREE! There are always important changes happening in the real estate market, locally and nationally. These changes can affect YOU. Find Out More > View All Offers >
<
"A Quick Sale and a Smooth Closing" "Thanks again for a quick sale and a smooth closing on Tim Hirst's condominium" Lynn Gillingham, Cross Country Relocation, Inc. Read Quote > View All Quotes >
Compare three mortgages
at one time. Download TripleCalc now. It's free.
School Reports - Reports for York County and Surrounding Area schools kindergarten, elementary, and high schools.
Relocating? - Get free real estate information & a relocation package if you're relocating to York County and Surrounding Area, in PA.
Go to Main Sitemap - Main sitemap sections include Find York County and Surrounding Area Homes, For Home Buyers, For Home Sellers, York County and Surrounding Area Information, Real Estate Resources, and About Erika Mueller.
Please Sign Up For The Latest Listings and the Latest Real Estate News
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.
What is encroachment, and how might it affect a property owner?
A
Encroachment, refers to the unauthorized intrusion of a building or improvement onto another person's property; it often requires a surveyor's report to support the claim.
Erika Mueller RE/MAX Patriots 1770 E. Market St. York, PA 17402 Direct: 717-880-7620 Fax: 800-409-7062 Toll-free: 800-409-7062 info@CallErika.com
I've been practicing real estate for over 25 years and I would love to assist you with your real estate needs. Put my marketing and selling expertise to work for you!
www.CallErika.com
is brought to you by Erika Mueller, real estate for
York County and Surrounding Area, Pennsylvania
