These days, there are a number of ways one can pay for a home. Certainly, one shouldn't be limited to just conventional financing for both the buyer and seller.
For one, buying a home for sale under Owner Carry terms means the current property owner finances part or all of the sale, usually through a second mortgage, although sometimes the owner will carry the entire loan.
This arrangement is particularly beneficial for the seller because it makes for a swifter settlement with little or no problems. Naturally, every real estate seller will want the highest price and all cash. But sellers also want to pay the least amount of capital gains as possible, and this is where the owner carry or vendors finance becomes advantageous for him/her.
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