Contact Information
Dudley S Chapman ABR, ePro, RECS HRC Properties, LLC 124-B1 E Broad St. Falls Church, Virginia, 22046
Office: 703-237-7344 Cell: 703-517-7422 Fax: 703-852-3871
Lic. #: Licensed in Virginia and Washington DC
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benefits of seller financing |
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What are the benefits of seller financing?
Seller financing offers tax breaks for sellers and alternative financing for buyers who can't qualify for conventional loans.
If you are a seller, the risks you face are the same as those facing any lender: Is the borrower a good credit risk? Will the Arlington Virginia property hold enough value over time to allow for the repayment of all loans made against it?
You should run a full credit check on the borrower, require hazard insurance on the property and include a due-on-sale clause. There also are financing, disclosure and repayment-term requirements that need to be met. It is wise to consult a lawyer when putting together this kind of transaction.
Questions about Arlington Virginia Real Estate?
Ask us below or Call us Now at 703-237-7344
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