Chapter 5: You Stay in Control With seller financing, you get to set the terms. Down payment, interest rate, monthly payment, balloon terms —it’s all up to you, AND EVERYTHING can be negotiated to help both parties win and you can determine together as a team what areas are most critical and it truly gives the opportunity for both parties to win on a purchase of your properties!
You can secure the agreement with a promissory note and protect your interest with a deed of trust or mortgage. If the buyer defaults, you have legal pathways to reclaim the property rapidly and still keep profits earned as well.
In essence, you remain in the driver's seat while transitioning from asset owner to note holder — a powerful shift in strategy and control.
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