What is Seller Financing?
The definition of Seller Financing is: Seller financing is an immovable property contract in which the seller manages the mortgage process and not the financial institution. Instead of applying for a traditional bank mortgage, the buyer takes out a mortgage from the seller.
- In seller-sponsored domestic sales, the buyer buys directly from the seller and both parties enter into an agreement.
- Seller financing often involves paying the same amount several years after the sale.
- There are risks to financing the sale of your home. For example, if the buyer stops paying, you, as the seller, will have to pay a higher legal fee.
Literal Meanings of Seller Financing
Meanings of Seller:
People who sell things.
Products that are sold in a particular way.
Sentences of Seller
Street vendors selling newspapers, flowers, etc.
This game will undoubtedly be the best-selling game of the year.
Synonyms of Seller
dealer, supplier, merchant, vendor, purveyor, retailer, trader, shopkeeper, stockist
Meanings of Financing:
Finance (one person or company)
Especially large sums of money managed by the government or large companies.
Sentences of Financing
Healthcare is almost entirely paid for by taxpayers.
Company Financial Management
Synonyms of Financing
accounting, money management, investment, back, fiscal matters, fund, pecuniary matters, capitalize, financial affairs, economics, provide capital for, commerce, subsidize, endow, provide security for, money matters, invest in, business, banking, pay for