904-773-CASH
Get My Cash Offer Areas Jacksonville Duval County Clay County Orange Park Middleburg Fleming Island Green Cove Springs Jacksonville Beach Atlantic Beach Neptune Beach St. Johns Callahan Lake City Property Types Inherited Houses Probate Houses Repair Houses Foreclosure Houses Houses With Liens Vacant Houses Rental Properties Hoarder Houses Fire Damaged Houses Mobile Homes When Other Cash Buyers Can't Close
Take Over Payments Subject-To Wrap Mortgage Seller Financing Assumable Mortgage
Inherited & Probate Foreclosure Videos
About Reviews Contact
904-773-CASH

Seller financing is when the seller acts like the bank and allows the buyer to make payments over time under negotiated terms.

Seller Financing Video

Bryce Spraggins explains seller financing in plain English.

  • Seller acts as the bank
  • Terms are negotiable
  • Can include balloon payments
  • Usually works best when owned free and clear

Discuss Seller Financing

Tell us about the property and whether it is owned free and clear.

Watch The Video

Video Summary

In this video, Bryce Spraggins explains that seller financing is when the seller becomes the bank and allows the buyer to make payments over time.

The seller and buyer can negotiate the terms, including the amortization schedule, interest rate, payment amount, and balloon date.

Bryce explains that seller financing can make a property more attractive to buyers when normal mortgage financing is difficult or when market interest rates are high.

Seller financing may help a seller attract more buyers, sell faster, or potentially receive a stronger price depending on the terms offered.

My Fair Market Offer typically only uses seller financing when the property is owned outright free and clear. If there is an existing mortgage, a wrap mortgage is usually the better structure to review.

Transcript Highlights

“Seller financing. That’s where you as the seller become the bank and you get to negotiate all the terms.”

“You can negotiate the amortization schedule, which is how long the loan is going to be paid over.”

“You can call for a balloon, which means that even though we’re going to pay it like it’s going to be paid off in 30 years, you owe me all my money in 10 years.”

“You can negotiate the interest rate.”

“You can have 0% interest to really make it attractive to the most amount of buyers.”

“Doing seller financing gives you a lot of options to make your property more desirable to the marketplace.”

“We don’t typically do it unless you own the property free and clear.”

“Otherwise, we’re going to do a wrap mortgage.”

Continue Learning

Learn more about your options before you decide what to do next.

Watch More Videos Inherited & Probate Help Foreclosure Help

Related Creative Finance Pages

Take Over House Payments Seller Financing Wrap Mortgages Subject-To Real Estate

Want to Discuss Seller Financing?

Send us the property details and let us know whether the property is owned free and clear.