This Addendum is used when the Seller is financing all or a part of the purchase price. 26-8 Redline 11.2022.A real estate purchase agreement with seller financing should include: Seller and Buyer must agree on the purchase price and down payment. I'll give you my seller finance contract that i and my students use to pull off these seller finance deals. Owner financing is great option for buyers who don't want the stress of dealing with banks and are ready to move in to a home quickly. These are the steps typically involved with closing a seller-financed real estate transaction with a Promissory Note and Deed of Trust. It is critical that the type of seller-financing be identified at the contract stage of the transaction and not left to be worked out later. A dealer who makes a seller-financed sale must apply to the appropriate county tax assessor-collector (CTAC) to title and register the motor vehicle. It should be noted that TREC rules require license holders to include the Seller Financing Addendum in the contract package for a wrap. A dealer may grant a security interest in the seller-financed motor vehicle to a third party who may be shown as lienholder.