Real Estate Vendor finance
Real Estate is the market where there are buyer and seller who are dealing in
property market. real estate market is all about investment in property and in this
Vendor is a person who is selling their property and the person who is purchasing
the property is the purchaser. When we are buying a property that involves lot of
cash and a good amount of investment as the real estate market is growing and the
rates are property are high and in this it may happen you would not have that
amount in liquid cash and thus that is when the Real Estate vendor finance comes
in to existence.
In this vendor finance scheme the vendor that is the seller pays the amount on the
behalf of the purchaser. In this people agree on the terms and the conditions that
are set by the vendor then only the deal is taken further. Till the time the whole
amount is paid by the purchaser to the vendor the property remains on the name of
the vendor and when the whole amount is paid the property is transferred to the
purchaser. Purchaser is allowed to use the property till that time.
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