Finance With Owner

Owner Financing is a great vehicle for both Sellers and Buyers. 

Sellers if you are looking for any of the following benefits, then owner financing may be for you:

• Top sales price for terms rather than cash
• Tax deferment possible by using installment terms
• Higher return (interest rate) on your money
• Monthly income
• Larger pool of perspective buyer
• Quicker Sale
• Convert equity to cash
• Owner can reclaim home if buyer defaults
• Less documents required resulting in lower closing costs
• No commission or reduced commission to real estate agent

Buyer Benefits:

1.  May be able to buy a home they can't qualify for with conventional financing.
2.  May be able to negotiate better terms such as lower payments or a smaller down payments.
3.  May be able to position themselves to add substantial value by fixing up or renovating.

Sellers looking for prospective owner financing clients should know that most people looking for owner financing will have some negative items on their credit report. 

Buyers looking for owner financing should be ready to place with their seller a down payment.  Down payments, terms and interest will vary depending on whether you are signing a lease-option or lease-purchase and the individual circumstances surrounding your transaction.

Owner financing can be a win-win situation for both Seller and Buyer.  Don't make it a win/lose situation by entering into any transaction without first doing your homework and consulting your advisors.

Never take shortcuts or the easy way out.  Each side should have legal representation representing their best interest look at all documentation.  Have an attorney conduct a title search and the closing.  Buyers should always request an owner's title insurance policy which will cover hidden defects not traceable by your attorney when searching public records.

Our mission at FinanceWithOwner.com is to scour the internet and provide you with links and information to enable you to begin the education process. 

Be sure before signing any documentation to contact your legal representative and certified public accountant to check for legal and tax ramifications if any.

List your property in our classifieds for free until it sells

OR

Contact us for information on how to get your property in our featured listings.