CREATIVE FINANCING

There are times when conventional financing is not possible or not as desirable for a buyer and also a seller.   Here are some reasons for both a Buyer or Seller to consider “Creative Financing”  to close a transaction.

BUYER REASONS FOR CREATING FINANCING

  1.  EXPECTING MONEY AFTER PURCHASE –
  2.  NOT ENOUGH DOWN PAYMENT –
  3.  DONT WANT LOAN TO AFFECT CREDIT –
  4. BUYER HAS POOR CREDIT –
  5.  LEGAL REASONS  –
  6.  PROPERTY REASONS – The property may not qualify for conventional financing –
  7.  TAX REASONS = The Seller wants to carry the financing for tax purposes