Denver Real Estate Home Selling Strategy: Seller Carry Back

How can a Seller Carry-Back Help You Sell Your Denver Real Estate?

Basically, a Seller carry back is when the Seller of the property carries a second trust deed and note against the property. This benefits Buyers when the Buyer does not have enough down payment and the Seller lends at or below market interest rate with no closing costs. It helps the Seller by having an income that is usually at a rate above what they would get in a bank.

Sellers can limit their risk for doing such a transaction by making sure they are lending from the equity in their property or an assumable loan to a well-qualified Buyer. Buyers will want to have a means of ensuring that the Seller will be making payments on any assumable loans.

At Denver's current home mortgage interest rates, the primary benefit to the Seller carry-back is the benefit it brings to Buyers in enabling them to purchase a home with little or no money down and can encourage the sale of a home that is just sitting on the market.