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Tip 4. Work with Lenders

Institutional real estate lenders are organizations that loan money for real estate loans. Such loans include banks, savings and loans, thrifts, credit unions, and mortgage companies. If you do not have the knowledge and experience to prequalify buyers, consider finding a lender with whom you like to deal and ask the lender to answer any questions you may have regarding financing the sale of your property. This may be the lender who holds a loan on your present home. Also over 10% of homes sold in the U.S. involve some form of seller financing. To learn more about that please read The FSBO's Guide to Seller Financing (pdf, 230K).

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