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Definition of 'Seller-Financed Sale'
A transaction where the seller also acts as the lender to the buyer. Seller-financed sales thereby eliminate third-party lenders from the transaction. This type of sale can be used to finance the purchase of a home, business or any other type of property.
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Investopedia explains 'Seller-Financed Sale'
Seller-financed sales generally have no preset lending criteria that must be met; lending institutions do. This type of sale can provide more favorable terms to the buyer, but it may also entail greater risk for the lender. The IRS imposes a mandatory minimum interest rate on seller-financed sales of any kind, although the timing of interest reporting differs depending upon the type of property being sold.
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Search results for 'Seller-Financed Sale'
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http://www.investopedia.com/articles/mortgages-real-estate/10/should-you-use-seller-financing.asp
The Ins And Outs Of Seller-Financed Real Estate Deals. ... seller financing is not that
common is because most sellers need the full proceeds from the sale of their ...
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