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Why Sellers Choose Anne Bennett - Why home sellers in Silver Spring, College Park and Washington DC choose Anne Bennett. 3 Tips to help sell your home faster - Information coming soon... Free Presentation - Free in-home listings presentation on marketing your Silver Spring, College Park and Washington DC, in Montgomery,Prince George's,DC County Maryland property. Property Valuation - How much is your Silver Spring, College Park and Washington DC home worth? What Did That Home Sell For? - What did that Silver Spring, College Park and Washington DC, Maryland property or other real estate sell for? FSBO - Selling your Silver Spring, College Park and Washington DC real estate on your own? Go to Main Sitemap - Main sitemap sections include Find Silver Spring, College Park and Washington DC Homes, For Home Buyers, For Home Sellers, Silver Spring, College Park and Washington DC Information, Real Estate Resources, and About Anne Bennett. 
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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 |
How did actress Jayne Mansfield decorate her Hollywood "Pink Palace" without buying any furniture?
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| A |
She wrote to furniture suppliers asking for free samples, telling them they could brag that their furniture was in her outrageous mansion. She received over $150,000 worth of free merchandise. |
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