This creative financing helps buyers purchase homes without traditional bank loans.
We also know that many sellers get tired of receiving installments and would rather have a lump sum of cash now. They seek out our services when they decide to sell their owner-financed mortgage, cash flow note, or land contract.
But what is seller financing?
If you are thinking it’s a trick question – you’re right. Seller financing and owner financing are just different names for the same thing. We often use the terms interchangeably.
Is one phrase used more often?
To answer this question we turned to Google, the powerhouse of Internet search engines. And, the results just might surprise you.
The clear people’s choice winner, by an overwhelming 5 to 1 lead, was… Owner Financing!
Here is an overview of the results based on monthly search volume for the following terms:
- Owner Financing 135,000
- Owner Finance 110,000
- Owner Financed 74,000
- Seller Financing 27,100
- Seller Financed 8,100
- Seller Finance 4,400
Source: Research obtained from https://adwords.google.com/select/KeywordToolExternal
The choice between owner versus seller is often based on where people live, but on average people across the US use some form of “owner financing” over “seller financing”.
What do you say more often? Leave us a comment below to let us know your favored term along with the state you live in!
About the Author: Tracy Z. Rewey has spent 20 years making money with owner financing. All those hard earned lessons are shared in Personal Profit Series: Notes – The Complete Moneymaking System to Buying Referring, Creating, and Holding Real Estate Notes!