Owner Financing Your House

Why you decide to offer owner financing? One of the main factors influencing providers to offer their own financing, is a quick sale. Since the buyer is not too rigorous qualification, which often opens the door to a big buyer of choice.

Owner financing is not for everyone in every situation, but I ask you to at least the idea. Especially if you have had your house and not sell, or if they are considered to reduce the price to move the plane!

Precisely because it is the financing for your home does not mean that walking with little money or not to go with their own hands, o. It may be that the note you create can sell to the final table at the same time to sell the house. More likely is that you have a better chance, and you get more money going to this note for one or two months, and then sell to an investor.

Benefits for Sellers


Increased marketability

Deep expand Buyer Pool

No purchase price discount sellSell faster

More rapid completion



Benefits for buyers:


No prepayment penalties

Move fast

Not last qualification

No or low closing costs


If you decide to offer owner financing, there are some general guidelines you should always keep in mind. That way, if you plan that could create, you note immediately, or if for some reason on the street you are in a situation where you use the money to sell? Your comment will be structured to receive a minimum discount, and you get the maximum amount obtained.

These are not carved in stone. For example, if the buyer is lower than the demand for credit, income, employment history, debt ratio, and if a mind expert - could make the payment history. These apply specifically to finance owner-family houses.


Try to find a buyer receives a better credit score of 550, preferably more than 600

Least 5% down payment, preferably at least 10%

Decent course property

Note for an amount of € 50.000,00 +

Amortization of the loan over 10 years (unless the buyer can afford the monthly payments, then more than 30 years and a balloon payment due in about 7 years? The time to familiarize yourself with the balance or refinance)

Buyers prefer to remain vacant



Always consult your real estate professional and / or specificity lawyer. This is not legal advice, but only a vision of the inner workings of the owner financing and the sale of the note.

Author: Veronica Davis is the owner of Imperial Note Investments VD and specializes in the purchase of tickets secured by real estate. Sellers internal (cash to finance mortgage owner), real estate agents lose (sell homes, an alternative to the business of the collection is almost up), and even mortgage brokers (close loans more if held only partially finance, trust customers even if they are not qualified to benefit) for their services. For more information and different methods are not discussed here, or sell your note

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