June 2022

Found 1 blog entry for June 2022.

Jun 24

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We are starting to see a turn in the real estate market as mortgage interest rates continue to go higher which ultimately slow down the number of properties selling.  Another major factor is the number of buyers would need the assistance of getting a loan in order to buy a home are now not participating in the market but the cost of mortgage payments have almost doubled since last year.  This is around the time where we start to see creative financing being offered as the cost of getting a loan is to expensive for most buyers.  One option that is coming around again is seller financing which negates the need to get a traditional mortgage loan from the bank.  Let me explain how this typically works.

First, the owner of the property essentially becomes