If you’re looking to sell your home that is either owner financed or you want to extend owner financing to help facilitate the sale, there are a lot of options available. I have a friend who owned a short term rental property in a beach town and she was trying to sell it as interest rates were spiking. She wanted reliable income but didn’t want the hassles of managing a short term rental, so she advertised her property for sale with owner financing. It was a win-win situation. The seller got their reliable income each month and the buyer got a better deal than their bank on the interest rate.
Here are some strategies selling your home using owner financing.
If you bought a home using owner financing and you wish to sell it, the process works just like if you had a loan from a bank. At closing, the balance of the owner financing is paid off at and you receive the proceeds from the sale after it is paid.
Utilizing owner financing is a great strategy to sell your house quickly, especially in a rising interest rate market. You can use any of these strategies to help sell your house using owner financing.
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