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School Reports in Monroe County and Northampton County, Pennsylvania
"A model of how the Internet can facilitate the process of deciding where to send your children to school"
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Pennsylvania Public, Private and Charter Schools: Compare them using these top-rated, comprehensive reports.
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Real Estate Tips
Financing Your Home >Owner Financing

If you are selling a house in which you have a lot of equity, and you don't need that equity to buy a new home, an owner-financing agreement may benefit you and your buyers.

Seller financing arrangements usually involve the buyers securing the largest portion of their purchase money from a mortgage company and getting a smaller second loan from the sellers. For example, they may finance 75% from a lender, put in 15% from savings, and ask the sellers to finance the remaining amount. The terms and interest rates on seller carry-backs are negotiated on a case-by-case basis.

Sellers may be able to negotiate a note that provides a better return on their money than 1-to-5 year CD's or treasury notes. They should ensure that the note protects them to the fullest. Use common sense when considering such a loan, and verify the buyers' income, credit history, and job stability before making your final decision.

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Real Estate Trivia
Q 
What information does nearly every state in America require the seller of a home to reveal to the buyer?

A 
Most states require disclosure of any existing problems or conditions that could affect the value of the house.
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Bob Kelly, REALTOR®, real estate agent and broker for Monroe County and Northampton County, Pennsylvania home listings, property and land for sale - NUMBER1EXPERT(tm)

Bob Kelly
Keller Williams Realty

637 Main St.
Stroudsburg, PA 18360
PA License #RS287521
Direct: 570-242-4400
Office: 570-421-2890
Fax: 570-227-0062
Toll Free: 1-866-410-KELL
bobkelly@kw.com

I pride myself on knowing the area and information surrounding it. The Poconos Region is changing rapidly and it is my job to know what economic and social influences are, or will be affecting areas with-in our region. This way I can best assist you in locating to the best area possible. If you choose to make the move to the beautiful Poconos area, you can count on me and any of my team members to provide superior service to you and your family, no matter how large or small the task. Simply just ask. We look forward to working for you.

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