Why would I Owner Finance my property?
Seller financing, also known as owner financing, is an arrangement in which the seller of a property extends credit to the buyer to purchase the property. In this type of transaction, the buyer makes payments directly to the seller over time, rather than obtaining a mortgage from a bank. While seller financing may not be the right choice for every seller, there are several benefits to consider. Here are some of the advantages of seller financing: Attracting More Buyers: One of the primary benefits of seller financing is that it can attract more potential buyers. When a seller offers to finance the sale of their property, they open up the possibility of homeownership to individuals who may not qualify for traditional financing. This can include those who have poor credit or who cannot make a large down payment. Faster Sale: Another significant benefit of seller financing is that it can lead to a faster sale. When a seller offers financing, the transaction can be completed more quickly s...