Is Owner Financing A Good Idea For The Seller In Fresno |
Posted: June 13, 2020 |
If you're thinking about selling your house and you're wondering what your choices are, maybe you're researching something called "seller funding " (also referred to as "owner funding "). Owner financing is a little-known but very effective way to sell your property. And possibly you're wondering, is owner financing a fantastic idea for the vendor in Fresno? That's a great question and we'll discuss it in this blog post... Here's How Owner Financing Works This is the way most people are knowledgeable about buying and selling. But there's another way to sell your house which you might not be aware of, and it entails owner financing. With owner financing, everything is similar except that one thing -- the seller of the house acts like the bank: the purchaser pays a deposit to the vendor and then makes periodic payments (just like mortgage payments) to the seller until the house is paid in full. Then, the possession of the house transfers to the purchaser. Many Sellers Are Wondering, Is Owner Financing A Good Idea For The Seller In Fresno
They like that they have a larger group of potential buyers to sell to (including those who may not qualify for conventional bank financing) They like that they still possess the house and are protected, should the seller stop paying If you'd prefer to distribute payments or to have more buyers trying to buy your property, owner financing may be a great option for you. If you're serious about selling your house and want to explore all of your options, take a closer look at owner financing.
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