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Ron, do not not not NOT NOT NOT use an inexperienced realtor! The best, most experienced, most serious about their careers realtors will typically be members of the NAR (National Association of Realtors). http://www.realtor.org/

Steve, you are SO right! I have been looking for the past few months at areas all over the USA and it is absolutely ASTOUNDING, not to mention CRUSHING[!], how the same price can get you a honest-to-goodness DUMP where I live (Nassau County, NY) but a flippin' PALACE in so many, many other parts...

When a seller provides owner financed terms to their buyer, they are agreeing to receive part of the sales price in the form of an I.O.U. or promissory note. This note is secured by the property sold, if the payments are not made the property can be taken back. Secured by real estate, this...

Not sure, Ron. Sellers are trying to cash in their equity, but with the market cooling, you might not be able to bargain down the price by 1/5. I was recently looking at a $640K home and my realtor (whom I know well and is trustworthy) was recommending an initial offer of $595K, which is about...