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It can take days, weeks, or longer for changes to appear on web sites. Don't waste your time with less than current information. Request our free Status Report and find out if the homes you are interested in are still on the market, under contract, in escrow, or if the price has been reduced. 

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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 
Exactly how many islands are included in the group called the 1000 Islands?

A 
There are actually 1,864 islands in the 80-mile stretch in the St. Lawrence River, between Ontario, Canada and New York State.
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Florence and Steven Cataneo, REALTOR®, real estate agent and broker for Holmdel, Colts Neck, Marlboro and Manalapan, New Jersey home listings, property and land for sale - NUMBER1EXPERT(tm)

Steve and Florence Cataneo
Century 21 Cataneo & Associates

33 West Main Street
Holmdel, NJ 07733
Office: 732-444-6555
Steve's Cell: 732-492-7108
Florence's Cell: 917-907-3641
Fax: 732-792-2580
General: florencecataneo@NUMBER1EXPERT.com
Florence: Flo@cataneoandassociates.com
Steve: cataneohomes@aol.com

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