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"His knowledge of real estate protocol..."
In the spring of 2001, I contacted your realty office with the intention of selling our home. We, my wife and three daughters, had been residents in that neighborhood for a total of 28 years."
"Frank became our agent and for six months was instrumental in the eventual sale of our home in November, 2001. His knowledge of real estate protocol, market values, residential comparisons, and a keen business sense were remarkable to observe. He was 'on top' of zoning, upgrading codes etc. and provided so many valuable suggestions in those transition months. To quote another financial institution - 'We were in good hands!'"
"Throughout the course of a very hard personal time, Frank was sensitive to the situation and our wishes. He managed us and the potential buyers with amazing calm and balance. The transformation of an ordinary large home to a very saleable market commodity was primarily due to Frank's persistence and recommendations. We were able to sell the dwelling at an excellent price and a nice profit."
"Frank Ledermann was a good businessperson and became a trusted confidant and I would be glad to speak on his behalf at any time."
Philip Kuczma - Brewster, NY
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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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| Q |
What amenity do 48% of all homes in the new housing market have?
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| A |
48% of all newly-constructed homes now have 2 1/2 baths or more, up from 1985 when only 29% had more than 2 baths.
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 See More Real Estate Trivia > |
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- NUMBER1EXPERT™ 
