It’s a tough time to sell a house.
In an effort to stand out from the crowd, sellers are turning to owner financing. By accepting payments over time from the buyer, the seller provides an alternative to bank financing.
Why agree to “Be the Bank” and offer financing terms?
Using the phrase “Owner Financing Available” in for sale ads will attract more buyers. It gets their attention in a market flooded by oversupply from foreclosures. Buyers…Continue
Posted on March 18, 2011 at 9:47am
Why would a seller allow a buyer to make payments over time for the purchase of property?
Here are five reasons sellers consider financing property rather than requiring the buyer to obtain a bank loan:
1. Reduced Marketing Times
What is the first thing a real estate agent does when property is not moving and has been on the market for 60 to 90 days? They reduce the price and add the tagline “price reduced” to all advertising and signs.…Continue
Posted on January 31, 2011 at 4:32am — 2 Comments