Introduction to Vendor Finance for Real Estate in Australia
Автор: Anthony Cordato
Загружено: 2023-04-23
Просмотров: 1203
Find out all about Vendor Finance and how it is used in Australia to buy and sell houses, home units, land and commercial buildings.
In this explainer video, we start with the core of Vendor Finance, which is that the purchaser uses finance provided by the vendor to pay for a property instead of using bank finance.
100 years ago vendors (not banks) offered payment terms to purchasers to buy land to pay the price over 3, 4 or 5 years. Land sold quickly that way in places like Bondi Beach.
This video is the introductory video in a series of 5 - The Keys to Vendor Finance for Real Estate in Australia. It contains an introduction to the four forms of Vendor Finance in use in Australia, namely Delayed Completion, Carry Back Loans, Instalment Contracts and Rent to Own.
Go to separate videos for in-depth explanations on these four forms of Vendor Finance.
For written commentary, visit my website - www.vendorfinancelawyer.com.au
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