Dearborn, Michigan (PRWEB) August 31, 2005
Until September 30th, 2005, SellerHeldSecond.com is allowing real estate agents and home owners the opportunity to list their homes for sale for free on SellerHeldSecond.com. SellerHeldSecond.com is the worldÂs only online real estate tool matching buyers who may not qualify for the home of their dreams through traditional financing with sellers willing to assist the buyer in financing part of the transaction.
Known in the real estate and mortgage industry as seller held seconds (shs) or seller financed mortgages, in a seller held second transaction the buyer obtains a traditional mortgage from a bank or lending institution. The difference between what the buyer obtains from a traditional lender and the purchase price of the home is then carried as a Âsecond mortgageÂ by the seller of the property on which the seller receives monthly payments and interest.
It is estimated that nearly 10% of the real estate transactions that occur in the United States are shs transactions. Prior to the launch of SellerHeldSecond.com, real estate agents and mortgage brokers had no resources available to them to help broker such transactions. Instead, they had to rely on word of mouth or avoid such transactions at all because the resources just were not available to match their buyers with willing sellers.
The launch of SellerHeldSecond.com opened up an entirely new world to real estate agents, mortgage brokers, and consumers. Real estate agents can provide value-added service to help their customers, both buyers and sellers, obtain the homes of their dreams. No longer limited by traditional mortgage qualifications, buyers have the opportunity to obtain a home that truly fits their familyÂs needs instead of settling for second best only to have to move in a few years. Sellers with equity and an entrepreneurial spirit can sell their home quickly and efficiently and receive return on their investment for years to come.
Like many other online real estate search engines, SellerHeldSecond.com allows buyers to search for homes in their area by using common criteria such as number of bedrooms, bathrooms, and price. The difference, however, is that the homes listed on SellerHeldSecond.com are all homes where the seller has indicated a willingness to finance part of the transaction.
Now through September 30th, 2005 real estate agents can take part in sellerheldsecond.com for free.
For more information, please visit http://www.sellerheldsecond.com or call 248-767-2007.