What Is Vendor Finance?
When you buy the house from us you are called the purchaser and as the seller, we are known as the vendor. Most purchasers don’t have enough money to purchase the property outright and need someone to provide finance. While we are not a finance provider (like a bank or credit union), we can offer to sell you a property that we own on our sale terms. As we are the vendor and you will be taking our terms, you are said to be buying the property on vendor terms or vendor finance. The terms and conditions of the vendor finance are stated as special conditions in the contract of sale.
Related Questions
- Can Vendor Finance Group (i) improve upon the lease payments Ive obtained from the "Lease Calculator" and (ii) help me in structuring a lease financing not offered on the "Lease Calculator"?
- Does an applicant for a FOP licence need a vendors permit from the Ministry of Finance for payment of Retail Sales Tax?
- Vendor Finance Group offers "net" leases. What does that mean?
