Owner Financing Benefits for Home Sellers – Forte Properties

What are some Owner Financing Benefits for Home Sellers? Find out here or visit our website @ www.GreaterAustinHomes.com In today’s market, Sellers need to find more creative ways to sell their properties. One of the major problems is the lack of financing vehicles available to buyers. Buyers withgood to average credit find it harder and harder to get approved for the amount of money they would like at an interest rate that they feel comfortable with. Owner Financing provides an easy bridge to close a buyers financing gap. In many cases, the seller can have most of his needs satisfied by an Owner Finance sale rather than a traditional cash sale. One of the greatest benefits to Sellers offering Owner Financing is highest price. There is no doubt that a seller can insist on and receive the highest price when offering flexible Owner Financing terms. In many cases, the seller can receive slightly higher than fair market value of the property by offering these soft terms. Most people are willing to pay a premium for non-qualifying financing. Also, nearly every seller says they want all cash, but few need it. What the typical seller wants is the most net cash from the deal. Often, the seller has to pay closing costs, title insurance, broker fees and the balance of existing financing. In addition, there may be capital gains tax due to Uncle Sam. In many cases, selling with Owner Financing will net the seller more future yield than any source from which the cash proceeds were

Similar Stories

    Leave a Reply

    This site uses Akismet to reduce spam. Learn how your comment data is processed.