Owner Financing

Owner financing has been around for many years, but very full sellers understand it.  Owner financing is simply the seller becoming the "bank" for a potential buyer.  In today's market, when buyer's are having a hard time qualifying under the new strict standards of the bank for loans, seller's often find themselves stuck.  A buyer may want to buy your home at the agreed price, but no bank will loan them money even though they may be "qualified".  One solution to this problem is to offer your home for sale with owner financing.  This will attract a lot of attention because most real estate agents will not offer this to sellers.  Typically owner financing works best if the home is owned free and clear, but there many other ways to sell your home with owner financing even if you have a mortgage in place.  Check them out here.

If you are interested in owner financing the key to a successful transaction is in the paperwork.  We work with a national law firm in order to facilitate this transactions to the letter of the law.  Allowing us to purchase your home with owner financing will give us an opportunity to market your property to our ever growing list of families looking to buy with owner financing.

The disadvantage of owner financing is like any borrower they can default.  If this happens the seller would foreclose on the borrower and get the property back.  Again working with a law firm that understands these transactions will be the key to your success.

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