Finance
A Colorado buyer wants to finance a home purchase using seller carryback (seller financing). The main advantage to the buyer is typically:
ALower purchase price guaranteed
BMore flexible qualification standards than traditional bank financing✓ Correct
CElimination of all closing costs
DLonger amortization than conventional loans
Explanation
Seller financing (carryback) allows buyers to negotiate loan terms directly with the seller, often with more flexibility in credit requirements, down payment, and other terms than traditional institutional lenders require.
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