"I would recommend Bill and Pat Evans with ReMax. They sold our house in North Richland Hills in about 2 weeks, and we got the price we wanted. They also found our current house for us and helped us with that whole process. What I liked...they came out and gave us a gazillion tips on how to make our house look better. We arranged furniture differently, repaired a few little things we hadn't thought of, etc. Other realtors told us our house looked like a model. They also walked us through everything...always returned calls promptly, always did what they said they were going to do. They made a very stressful process as stress-free as possible. Would I recommend them to family...yes! They sold my sister's house very quickly, and found her current house for her. She was very pleased with them. And now my parents are going to use them to sell their house and find a new house. Obviously, since my family keeps using them, they're doing a good job. Oh, and they live in Heritage."
-Sharon Dudek
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Financing Your Home >Owner Financing
If you are selling a house in which you have a lot of equity, and you don't need that equity to buy a new home, an owner-financing agreement may benefit you and your buyers.
Seller financing arrangements usually involve the buyers securing the largest portion of their purchase money from a mortgage company and getting a smaller second loan from the sellers. For example, they may finance 75% from a lender, put in 15% from savings, and ask the sellers to finance the remaining amount. The terms and interest rates on seller carry-backs are negotiated on a case-by-case basis.
Sellers may be able to negotiate a note that provides a better return on their money than 1-to-5 year CD's or treasury notes. They should ensure that the note protects them to the fullest. Use common sense when considering such a loan, and verify the buyers' income, credit history, and job stability before making your final decision.
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| Q |
What bizarre post-midnight pageant celebrated the great transformation in Manhattan architecture during the 1920s?
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| A |
Beaux-Arts Architects' Ball (January 23, 1931) at the Hotel Astor commemorated the end of the first skyscraper age. |
 See More Real Estate Trivia > |
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