Cash sale
This is a financing arrangement in which the buyer pays for the property in full with cash. This can be a good option for sellers who want to sell their property quickly and do not want to deal with the hassle of financing. It can also be a good option for sellers who do not want to wait for a traditional mortgage to be approved.
Seller financing
This is a financing arrangement in which the seller provides the financing for the property rather than the buyer obtaining a traditional mortgage. This can be a good option for sellers who are having trouble finding a buyer and are willing to be flexible on the terms of the sale.
Subject to existing financing
This is a transaction in which the buyer takes over the existing financing on the property rather than obtaining their own financing. This can be a good option for sellers who want to sell their property quickly and do not want to deal with the hassle of finding a buyer who can secure their own financing.
Creative financing
This can refer to any financing arrangement that is outside of the norm, such as a barter system or a shared equity arrangement. Being open to creative financing options can help sellers find a buyer who is willing to be flexible on the terms of the sale.