Owner Financing Your House

Why did you decide to offer owner financing? One of the main factors influencing providers to offer their own funding, is a sale faster. Because the buyer is not subjected to rigorous qualification, this will often open doors to a broad base of buyers to choose from.

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 you do not sell, or if you are considering lowering the price of having to move the property!

Just because an owner financing for your home does not mean you walk away with little or no money in hand to go, either. It may be that to sell the note you create, the bank closed at the same time you sell the house. More likely, you will have a better chance, and you get more money going to the comment that only a month or two, and then They sell to an investor.

Benefits to sellers:


Increased marketability

Deep expand Buyer Pool

No purchase price discounts in order to accelerate sellSell

Quicker closing



Benefits for buyers:


No prepayment penalties

Quick move in

No rigorous qualification

Do not close or reduce costs


If you decide to offer owner financing, there are some general guidelines that you should always keep in mind. Thus, if the note you create, at once, or if for some reason the road is in a situation where you use the money to sell Plan? Your message will be structured to be minimum to get a discount and get the maximum amount of money.

These are not carved in stone. For example, when buyers have less credit wanted, could their income, employment, government debt ratio, and if a known expert - have made the payment history. These specially designed for owner financing homes.


Try a buyer with a credit score better than 550, preferably more than 600.

At least 5% down payment, preferably at least 10%

Hotel Obviously, the full

Note for an amount of € 50,000.00 +

Amortize the loan in 10 years (if the buyer can not afford the monthly payments, then about 30 years and a balloon payment should come in about 7 years? It is time the balance or refinance)

I prefer buyer to occupy residence

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