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Is Owner Financing A Good Idea For The Seller In Middletown – (860) 398-4472

If you’re thinking about selling your house and you’re wondering what your options are, perhaps you’re exploring something called “seller financing” (also called “owner financing”). Owner financing is a little-known but very effective way to sell your house. And maybe you’re wondering, is owner financing a good idea for the seller in Middletown? That’s a great question and we’ll talk about it in this blog post…

Here’s How Owner Financing Works

In a normal home-selling transaction, the buyer (who doesn’t have ALL of the money for a house) goes to a lender (such as a bank) and they pay a down payment and then make regular monthly mortgage payments until the borrowed amount is paid in full.

This is the way most people are familiar with buying and selling. But there’s another way to sell your house that you might not be aware of, and it involves owner financing.

With owner financing, everything is similar except this one thing – the seller of the house acts like the bank: the buyer pays a down payment to the seller and then makes regular payments (just like mortgage payments) to the seller until the house is paid in full. Then the ownership of the house transfers to the buyer.

Many Sellers Are Wondering, Is Owner Financing A Good Idea For The Seller In Middletown

Many sellers do find owner financing to be a great idea.

  • They like that they have a larger group of potential buyers to sell to (including those who might not qualify for traditional bank financing)
  • They like that they get monthly cash flow from financing payments
  • They like that they still own the house and are protected, should the seller stop paying
  • They like that there is no property management

What’s not to love? You get ongoing cash flow and protection, and you’re still able to sell your house. That’s a perfect recipe. Whether this is your primary residence that you’re looking to sell, or you’re a landlord who is ready to start selling some of your rental property, owner financing might be a great option for you.

If you’d prefer to spread out payments or to have more buyers trying to buy your house, owner financing might be a great option for you. If you’re serious about selling your house and want to explore all of your options, take a closer look at owner financing.

With that said, owner financing is not for everyone. If you want to talk to one of our team about how owner financing might work for you, and what some of your other options are, call our team right now at (860) 398-4472 or click here to fill out the form and we’ll get back to you ASAP

 

nextdoorpropertycompany

Andrzej started his career served 8 years in the United States Marine Corps. Developing leadership skills and leveraging the GI Bill, he pursued college and a career in software engineering, project management and application architecture. He applied his skills at several Fortune 500 companies. Realizing through long term investment in real estate that many of his skills crossed over into the industry and with Mary's help and support, he decided to establish New Door Properties to help people work through the challenges of selling their properties. When he's not serving his clients, you can find him volunteering his time for veteran support programs, feeding elderly and needy at their church's soup kitchen and entertaining kids at parades and local events as a pirate reenactor.

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