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What Happens When Great Buyers Can't Get Loans?

notequeen discovered 16 months ago
When buyers with FICOs of 800+ have a hard time getting a loan, what's the world coming to? Are we going to be able to close transactions, or are things going to come to a grinding halt? When sellers have at least been open to the idea of carrying paper, and will let me advertise as much, I�... more
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notequeen rated 16 months agoreal-estate, real-estate-notes, seller-financing, installment-sale, owner-carry-paper
When buyers with FICOs of 800+ have a hard time getting a loan, what's the world coming to? Are we going to be able to close transactions, or are things going to come to a grinding halt? When sellers have at least been open to the idea of carrying paper, and will let me advertise as much, I've seen the interest in their property easily double. When you offer terms, you expand your list of potential buyers exponentially.
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