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Updated about 2 years ago on . Most recent reply

Jayson Valdez's profile image
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Jayson Valdez
  • Member since Oct 13, 2022
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Jayson Valdez's profile image
Jayson Valdez's profile image
Jayson Valdez
  • Member since Oct 13, 2022
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Jayson Valdez
6
Votes |
11
Posts
First-Time Home Buyer

What does this mean..

Jayson Valdez
Posted

Saw this on a description on a MLS listing that saw interest in.

Seller willing to owner finance with a large down payment. (20%) listing price is 223k.

what does this mean?

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Nicole Heasley Beitenman's profile image
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Nicole Heasley Beitenman
  • #5 Medium-Term Rentals Contributor
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  • from Youngstown, OH
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Nicole Heasley Beitenman's profile image
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Nicole Heasley Beitenman
  • #5 Medium-Term Rentals Contributor
  • Investor
  • from Youngstown, OH
  • Member since Jan 6, 2017
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Nicole Heasley Beitenman
#5 Medium-Term Rentals Contributor
  • Investor
  • Youngstown, OH
2,407
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Nicole Heasley Beitenman
#5 Medium-Term Rentals Contributor
  • Investor
  • Youngstown, OH
Replied

It means if you can put 20% down, they'll, indirectly, loan you the rest of the purchase price. Instead of paying the bank each month, you will pay them. 

  • Nicole Heasley Beitenman
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