Plymouth real estate MI, Northville real estate and Canton real estate, home listings and homes for sale in Michigan, luxury residential, vacant land - Mike & Mary Gladchun, REALTORS® Mike & Mary Gladchun REALTORS(r) for Plymouth, Northville and Canton, Michigan real estate, luxury residential, vacant land - NUMBER1EXPERTS™ Mike & Mary Gladchun NUMBER1EXPERTS(tm) for Plymouth, Northville and Canton, Michigan real estate, luxury residential, vacant land

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Mike & Mary Gladchun, REALTOR®, real estate agents and broker for Plymouth, Northville and Canton Michigan home listings, property and land for sale - NUMBER1EXPERT(tm)
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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 
What holds the title as the tallest reinforced concrete building in the U.S.?

A 
311 South Wacker Drive in Chicago was completed in 1990 and is 65 stories high.
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Mike & Mary Gladchun, REALTOR®, real estate agents and broker for Plymouth, Northville and Canton Michigan home listings, property and land for sale - NUMBER1EXPERT(tm)

Mike & Mary Gladchun
RE/MAX on the Trail

1000 West Ann Arbor Trail
Plymouth, MI. 48170
Office: 734-459-1234
Toll Free: 800-784-8406
Cell/Pager: 734-358-0700
Fax: 734-459-1292
Email: MikeandMary@NUMBER1EXPERT.com

Nobody sells more real estate in Plymouth than Mike and Mary Gladchun! Why? Probably because we are long-time Plymouth residents who truly care about our clients and are personally available 24x7. Plus we work fluidly as a team & deliver more visibility in the most effective (print & internet) places for our listed properties than any other Realtor. We sell a house every 2.5 days & consistently close $30,000,000+ in sales each year, which places us above 99.75% of all other Realtors. We take pride in having achieved graduate (MBA & MS) degrees and the real estate profession’s most important professional credentials (Broker, ABR & CRS), as well as for accomplishing the highest (Lifetime Achievement, Hall of Fame, Platinum) awards granted by RE/MAX International. Our clients sum it all up best by saying we are so successful because we actively support our community while always going a step above & beyond other Realtors by blending state of the art technology with personalized service & meticulous attention to detail for every client. You’re sure to net satisfying results when you Experience the Difference that we make. We look forward to meeting you! Mike & Mary Gladchun

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RE/MAX on the Trail real estate and homes for sale in Plymouth, Northville and Canton Michigan

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