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Welcome! Here You Can Find Great Information on Kane County, DuPage County, and Kendall County Illinois Real Estate.
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The information contained in
this website is designed to provide you with the information you need to choose
a REALTOR®. Providing you with this information is the first example of the
Rullo Team's ongoing commitment to quality service and professional
representation.
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We Proudly Serve Kane, DuPage, and Kendall
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The Rullo Team is dedicated to
serving your needs and to building strong, trusting, and lifelong
relationships, one person at a time. If there is a move in your future, call
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Financing Your Home >Owner Financing
If you are selling a house in which you have a lot of equity, and you don't need that equity to buy a new home, an owner-financing agreement may benefit you and your buyers.
Seller financing arrangements usually involve the buyers securing the largest portion of their purchase money from a mortgage company and getting a smaller second loan from the sellers. For example, they may finance 75% from a lender, put in 15% from savings, and ask the sellers to finance the remaining amount. The terms and interest rates on seller carry-backs are negotiated on a case-by-case basis.
Sellers may be able to negotiate a note that provides a better return on their money than 1-to-5 year CD's or treasury notes. They should ensure that the note protects them to the fullest. Use common sense when considering such a loan, and verify the buyers' income, credit history, and job stability before making your final decision.
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| Q |
What is one of the most unusually shaped buildings in the world?
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| A |
The all-suite Arabian Tower hotel near Dubai is 1,052 feet tall, built on a man-made island and shaped like a boat sail.
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