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Tom Follert, REALTOR®, real estate agent and broker for Chicago Northwest Suburbs and Hoffman Estates Illinois home listings, property and land for sale - NUMBER1EXPERT(tm)


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Real Estate Tips
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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Real Estate Trivia
Q 
What are the world's most valuable chairs?

A 
A pair of Chippendale chairs designed by Robert Adam sold in 1997 at Christie's, London to an anonymous buyer for $2,762,330.
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Tom Follert, REALTOR®, real estate agent and broker for Chicago Northwest Suburbs and Hoffman Estates Illinois home listings, property and land for sale - NUMBER1EXPERT(tm)

Tom Follert
RE/MAX Accord

160 S. Bloomingdale Rd.
Bloomingdale, IL 60108
Direct: 630-213-2111
Office: 630-893-7860

Professional Service, Cutting Edge Technology and Experience produce the results for Tom Follert’s clients and put him above the crowd in today’s ever changing Real Estate Market.

Nearly a 20 year veteran in Real Estate and ranked in the top 1% Nationwide of all Real Estate brokers, Tom Follert’s philosophy is simple:

There is no substitute for Hard work, Experience and Knowledge. I give Buyers all the new listings every day with a market update and the information they require on schools and the community. All Sellers receive a full professional Marketing Plan with discounted fees, full internet exposure and advertising every day in diversified publications to produce results in a timely manner.

If Experience, Service and Results matter to you, then don’t trust just anyone with your Real Estate Investment. Contact me to find out how I can make your Real Estate Investment a Successful one. My experience in the Northwest Suburbs is second to none. Let me put my experience to work for you!

Equal HousingMLSREALTOR


RE/MAX Accord real estate and homes for sale in Chicago Northwest Suburbs and Hoffman Estates Illinois

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