Why In The World Do Sellers Offer Owner Financing?

Why would anyone who owns a piece of real estate outright ever consider taking on the role traditionally held by banks and agree to sell their property in exchange for a mortgage note payable to them over time? Why accept a promissory note instead of cash? Why in the world would sellers offer to owner finance? Owner Financing = Higher Interest Rate Potential One key benefit to a seller who opts to finance for the buyer is the potential for getting paid a much higher yield on their equity … [Read more...]

5 Owner Financing Tips for Sellers

It’s a tough time to sell a house. In an effort to sell fast and stand out from the crowd, sellers are turning to the owner financed installment sale. By accepting payments over time from the buyer, the seller provides an alternative to bank financing. This attracts more buyers and helps the owner get attention in a market flooded by oversupply from foreclosures. Of course sellers don’t want to jump from the frying pan into the fire by trading a house that won’t sell for a buyer that won’t … [Read more...]