Seller financing vs traditional financing

[Chris Smith]

If someone might be able to qualify for the full amount of the purchase price from a lender, is there any reason why seller financing might be a better option? I understand that for the seller some benefits would be they would receive steady monthly payments, taxes being spread out. With interest rates being so low right now, what would be some benefits for the buyer? Thanks in advance.

[Jon Crosby]

Good question @Chris Smith!  Just my quick 2 cents on this, I would say the following might be some: 

• Flexibility of terms
• No credit impact (don't use one of your Fannie/Freddy slots either)
• Ability to quickly negotiate and adjust if something comes up where you can't pay

I'm sure there are more, but those are just a few.  ; )

Cheers!