You already know the current home “[tag]buyer’s market[/tag]” (with more homes listed for sale than there are active buyers searching for residences) in most cities is a great time to purchase a home. There is little competition from other buyers. Motivated sellers are setting realistic asking prices. In other words, it’s a more normal home sale market as compared to the record-breaking volume of the last few years.

Especially if you are a “cash challenged” or “credit challenged” home buyer, you will love this finance source. Not every resale home can be financed using this source, but all you need is one. This under-used [tag]home mortgage finance[/tag] source is the home seller. With more than 50 percent of U.S. homes owned free and clear with no mortgage, those homes are the best candidates for [tag]seller financing[/tag]. Smart home purchasers ask their buyer’s agents to search the local MLS (multiple listing service) listings for homes listed with no existing mortgage. Those sellers are the best prospects for seller carryback mortgage financing.

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