Benefits of Owner Financing for Sellers
If you own property that you’ve been trying to sell but need to transfer ownership of it fairly quickly, selling it with owner financing may work well for you. My Home SA can help you set up the arrangement so that you can sell your home quickly and effectively to a motivated buyer. There are numerous benefits to setting up an owner financing arrangement, including, but not limited to, the following:
Monthly
Income
When you decide to offer your home with owner financing, typically you gain access to
a monthly mortgage payment from the buyer, instead of a full lump sum for the
house at one time. This income can then become part of your ongoing income,
helping increase your overall budget and turning your house into a liquid
asset.
Faster
Sale
If you want to sell your home more quickly, owner financing may be the way to
go. Often this type of sale can attract more motivated buyers who are willing
to purchase a property that may have some minor flaws, and they may be willing
to pay a higher price for it. When you need to get your home sold and move on,
quickly, owner financing can be a great way to do so and My Home SA can assist
you through the process.
Sell
Property “As Is”
It can be difficult to sell an older home without renovations or to sell a home
that needs some upgrades or that isn’t perfect. However, offering a house with
owner financing may mean that you can obtain a buyer, even if the home itself
is less than perfect. This means that if you still need to paint, redo
carpeting, or make other small repairs and it’s been holding you up as you
prepare to sell your home, it may be time to move ahead with the process.
Instead of waiting until you have time to handle all of the remodeling that
you’d like to be able to do, work with a company that will help you sell it
with owner financing, instead. You’ll gain freedom and liquid cash, and the
buyer will gain access to a home that they can fix up just the way that they’d
like. It winds up being a win-win situation for everyone involved.
When you own property that you need to get onto the market and sold, but you’d like to do so quickly and effectively, owner financing is often the best way to go. If this is an option for you and you’d like help setting up the sale and finding a motivated buyer, contact My Home SA to learn more about the process. We’ll help you get started with all of the necessary paperwork so that you can get your home on the market and move on to the next phase of your life.
