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Real Estate Glossary

What does Seller Take-Back mean?

A seller take-back is a type of financing in which the seller of a property agrees to provide financing to the buyer, rather than the buyer obtaining a loan from a traditional lender. This means that the seller acts as the lender and the buyer makes payments to the seller rather than a bank or other financial institution. This type of financing is often used when a buyer is unable to qualify for a traditional loan or when the property is considered to be non-conventional.

Active Solar System

American Society of Home Inspectors

Cash Flow

Clear Title

Depreciation

Equal Credit Opportunity Act.

Fair Housing Act

First Mortgage

Fixed Time

Free-Market Lots

Georgian Style

Live-In Partnership

Principle of Progression

Private Mortgage insurance

Second Mortgage

Title Search

Truth-In-Lending Act

Upzoning

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Beycome Family of Companies: Beycome Mortgage LLC provides home loans; Beycome Brokerage Realty LLC, Beycome Brokerage Realty Inc., and Beycome of Florida LLC provide real estate services; Beycome Title of Florida LLC provides title insurance services. These are separate entities under Beycome Corp., each governed by its own management as required by law, but all owned by the same individuals, forming a business relationship.
Beycome Corp. holds real estate brokerage licenses in Multiple States: Beycome of Florida LLC is licensed in FL. Beycome Brokerage Realty Inc is licensed in CA. Beycome of Connecticut in CT. Beycome Brokerage Realty LLC is licensed in AL, GA, IL, IN, MI, MN, NC, OH, SC, TN and TX.
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IDX© information is provided exclusively for consumers’ personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate.

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Broker Compensation is fully negotiable and is not fixed, controlled, recommended, or suggested by law or any multiple listing service or association of REALTORS®.
Beycome fully supports the Equal Housing Opportunity laws.

Artur

Real Estate Assistant