Seller financing means a seller is helping a buyer to buy his property. In simple words, the seller is agreeing to sell his property to the buyer in installments in the place of one shot payment. It can be considered as a loan that the seller grants to the buyer, so that he can purchase his property in return. Any buyer who doesn’t have enough funds or simply cannot afford to buy a house can make use of seller financing.
As money is involved, there are both legal and illegal ways of doing this. However, it is advisable that if this trade is carried out legally. Only then it can provide security to both the buyer as well as the seller.