Realtor Monique Fair

This question is is often a source of confusion when buying a home. Let's clear it up once and for all! ⁣Any licensed real estate agent can show any home that’s listed for sale in the Multiple Listing Service (MLS)—not just the ones they have listed. ⁣ If you have seen a house on the market and want to check it out, message me today!

The practice of seller financing goes by many names, including purchase-money mortgages and owner financing. But in its simplest terms, it describes a form of real estate lending transaction in which a property owner also serves as a mortgage lender. This unique situation in the home selling process eliminates the need for a financial institution to handle financing agreements and negotiations. While seller financing effectively sees a seller provide a buyer with direct financing, it comes with pros and cons attached, as does any nontraditional mortgage option. it’s important to do your research and consult with a qualified professional before entering into a seller financing agreement.

One of the biggest benefits of buying a home is making an investment and building equity. When you buy a home, you are building equity over time. As you make mortgage payments, you accumulate ownership in the property, which can be a valuable asset. Over time, your home may appreciate in value, allowing you to potentially sell it for a profit.