Deciding Whether To Provide Seller Financing

If you are selling in this market, you know potential offers can often be tough to come by. One of the problems is the credit crunch. Even borrowers with great credit are having issues bringing in money they can use to buy a home. This presents you, the seller, with the potential issue of helping a seller bridge any gaps through seller financing by giving them a second loan. The issue is whether you should do so. The answer is dependent on your comfort level and the nature of the market. In a slow market like we now have, giving seller financing might make sense since you might not get another offer for some time. In a hot market, the opposite is true.