Owner Financing - Overview

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I can help you with the structuring of an owner financed sale
Owner financing (also called seller financing) occurs when the seller agrees to carryback a (promissory) note as a portion of the purchase price. This promissory note from the buyer is a written promise to pay the seller a specified amount at a certain interest rate over a certain period of time.

Why would you want to sell using owner financing?

By offering "Owner Will Finance" it opens up a whole new market of buyers. Buyers who can't get financing because of past credit problems, down payment seasoning problems, divorce, bankruptcy, lack of employment history, and many more. These types of buyers, just like anyone else, need a roof over their heads. Because you're offering "Owner Will Finance" these buyers can bypass the banks and mortgage companies and come right to you.

You'll be able to move your property faster and at a higher price because you're not limited to just one type of buyer - the buyer already bank approved who wants to negotiate the lowest price possible - but many different types of buyers who can come up with the needed down payment and who will make their monthly payments on time.

Using owner financing with a simultaneous close

When you structure an owner financed sale and combine it with a simultaneous close, there are essentially 2 separate closings happening within minutes of each other. The real property is sold to the buyer (which is what they wanted) and the note created is sold for cash (which is what you wanted).

I'll advise you on how to structure the owner financed sale so I can buy that note from you at closing. You'll get the amount we quote for the note plus you get to keep the down payment from the buyer, netting you anywhere from 85-90% of appraisal value for your property.

You no longer have to worry about title seasoning, buyers not being able to bank qualify, or loosing control of your deals.

And who said you needed a bank or mortgage company to complete a real estate transaction?