Snag a Second Home No Deposit Secrets Revealed
Exploring Seller Financing
Seller financing is another viable path to acquiring a second home without an upfront deposit. In this arrangement, the seller acts as the lender, allowing you to make payments directly to them over time. This can be particularly advantageous if you have a good relationship with the seller or if they are motivated to sell quickly. It's crucial to draft a clear agreement outlining the terms, interest rates, and repayment schedule to ensure a smooth transaction2.