Vendor finance

Vendor finance is a great scheme which is used by many people now. Real estate market involves a huge amount of money and thus people take the help of some financial institute and they take like a loan or something but now they don’t have to do anything as such all they have to do is talk to the vendor that is the seller and the work can be done and there will be no need of any loan or anything. 

Many a times this happens that the buyer do not have money, the entire amount to buy the property right away and this is when they could use the scheme of  Vendor finance . This is the scheme which many people take when they are going t buy some real estate. In the vendor financing the person who is buying sings the contract with the vendor according to the terms and conditions and the vendor pays the money on the behalf of the buyer and till the time the whole amount is repaid to the vendor the property remains on the vendors name and when the whole amount is paid the property is transferred to the buyers name.