Deep Creek Lake real estate and homes for sale in Maryland, Lakefront Properties, Vacation Homes, Rental Investment Properties - Lisa Goodfellow, REALTOR® REALTOR® Logo - NUMBER1EXPERT™ NUMBER1EXPERT™ Logo
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  • Special Offers - Special offers for Deep Creek Lake homeowners from Lisa Goodfellow.

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  • Real Estate Trivia - Lisa Goodfellow's collection of real estate trivia questions and answers that include real estate topics such as the most expensive home, largest swimming pool, and more.

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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 
Fewer than 2 percent of homeowners build this type of home:

A 
Fewer than 2 percent build a custom home; most buy an older home or select from a home builder's menu.
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Lisa Goodfellow, REALTOR®, real estate agent and broker for Deep Creek Lake, Maryland home listings, property and land for sale - NUMBER1EXPERT(tm)

Lisa Goodfellow
Goodfellow Real Estate Services, LLC

19567 Garrett Highway
Deep Creek Lake
Oakland, MD 21550
Cell: 301-616-5472
Office: 301-387-5472
Fax: 301-387-3379
Lisa@GoodfellowDCL.com

Specializing in Deep Creek Lake, Maryland since 1986! The pursuit of the vacation home, future retirement or rental investment is a wonderful opportunity. Specializing in helping you find your Deep Creek Lake property with over 22 years of experience in the Second Home Market, I FOCUS on client and customer service.

Equal HousingGRIMLSREALTOR


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