Is Owner Financing A Good Idea For The Seller In Fresno |
Posted: June 25, 2020 |
If you're thinking about selling your home and you're wondering what your options are, maybe you're exploring something called "seller funding " (also called "owner funding "). Owner financing is a little-known but very effective way to sell your property. And maybe you're wondering, is owner financing a good idea for the seller in Fresno? That's a fantastic question and we'll talk about 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 home which you might not be aware of, and it involves owner financing. With owner financing, everything is similar except that 1 thing -- the seller of the home acts like the bank: the purchaser pays a down payment to the seller and then makes regular payments (just like mortgage payments) to the seller until the home is paid in full. Then the ownership of the home transfers to the purchaser. Many Sellers Are Wondering, Is Owner Financing A Good Idea For Your Seller In Fresno They like that they have a larger group of potential buyers to sell to (including those who might not qualify for traditional bank financing) They like that they still own the home and are protected, should the seller stop paying If you'd prefer to spread out payments or to have more buyers trying to buy your property, owner financing might be a fantastic option for you. If you're serious about selling your home and want to explore all of your options, take a close look at owner financing.
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