Let’s say you have reasons to sell your property, but you don’t need all the money right this minute. Maybe interest rates are at like 6.5%, but you’d be willin

Let’s say you have reasons to sell your property, but you don’t need all the money right this minute. Maybe interest rates are at like 6.5%, but you’d be willing to carry the contract for 5%. Everybody wins - the buyer gets a better deal than they would get from a traditional lender, they get the house they want, the seller gets the house sold and gets paid out with a rate of return that makes it worthwhile for them. When rates are low, it doesn’t make any sense apart from land contracts (which is a separate discussion) but as rates go up it can be a good solution for everyone. Maybe you won’t see this in urban markets, but in rural markets it is not uncommon - I did several in the last year and when I talk to other agents in similar markets they report the same. My point is - lending trends tend to change in order to keep business flowing.