Seller Financing
The seller acts as the lender — the buyer pays them directly over time (price, down payment, interest, term) instead of using a bank.
With seller financing, the seller carries the loan: the buyer makes payments directly to them on agreed terms (down payment, interest rate, amortization, any balloon) rather than getting a mortgage from a bank.
Like subject-to, it's a creative structure that thrives in writing. Presenting seller-finance terms inside a letter of intent — alongside the benefit to the seller, like steady income or a faster close — puts the offer in front of agents who'd never field it by phone.
Related terms