Credit crunch rekindles seller financing
Saturday, September 22nd, 2007Pamela Haywood has spent the past 30 years driving BART trains. Now the 52-year-old Oakley resident is ready to retire and move to Texas. Six months ago, she put her home on the market for $1.1 million. She accepted an offer slightly below her asking price, but the sale fell through when the buyers were unable to sell their current home.
After dropping the price to $975,000 and concerned that the market isn’t going to improve anytime soon, Haywood is dangling a carrot that has been largely absent from Bay Area real estate transactions for at least the last decade.
investment property