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  • Why Buyers Choose Lynn Skuraton - Why homebuyers looking for a real estate agent in the Millburn, Short Hills and Livingston area choose Lynn Skuraton.

  • Latest Listings - Get Lynn Skuraton's latest Millburn, Short Hills and Livingston listings of homes for sale first!

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  • Go to Main Sitemap - Main sitemap sections include Find Millburn, Short Hills and Livingston Homes, For Home Buyers, For Home Sellers, Millburn, Short Hills and Livingston Information, Real Estate Resources, and About Lynn Skuraton.

 

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School Reports in Millburn, Short Hills and Livingston, New Jersey
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Real Estate Tips
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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Real Estate Trivia
Q 
What famous person said this? "Real Estate is the best investment in the world because it is the only thing they're not making anymore!"

A 
Will Rogers, who began his career as a rope-throwing cowboy and later became a famous stage and film star.
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Lynn Skuraton, REALTOR®, real estate agent and broker for Millburn, Short Hills and Livingston, New Jersey home listings, property and land for sale - NUMBER1EXPERT(tm)

Lynn Skuraton, Broker Associate, GRI
Keller Williams Suburban Realty

250 South Livingston Avenue
Livingston NJ 07039
Bus:: 973-251-0100
Cell:: 973-715-0663
Fax: : 973-629-1239
Email: lyskuraton@aol.com

From Castles to Cottages, Corporate Relocation, and Luxury Properties, I specialize in "People Pleasing."

GRIREALTORMLSEqual HousingRELO


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