First and foremost the seller financing contract is a financial document so it needs to get detailed when spelling out the financial terms—including how much the buyer owe… See more

Just like a traditional mortgage arrangement, in a seller-financed transaction a buyer’s monthly payment will likely include costs beyond the principal loan balanc… See more

“The contract should include a plan to buy down the loan that states how much the buyer is agreeing to pay each month, and for how long. This is called the amortization schedule,” … See more

Beyond the financial obligations, the seller financing contract also needs to detail all other buyer responsibilities, like maintaining the property and paying expenses that could put th… See more