Seller financing is a real estate arrangement in which the property seller provides financing to the buyer instead of requiring the buyer to obtain a conventional mortgage from a financial institution. Understanding how does seller financing work starts with recognizing that the seller and buyer agree on important terms such as the purchase price, interest rate, repayment schedule, and loan duration. The buyer generally makes scheduled payments directly to the seller under the agreed contract. Click here to know more about #howdoessellerfinancingwork
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