Posted by admin on Dec 8, 2010 in Insider TIps | 0 comments
In today’s market, an owner finance transaction is an excellent alternative to purchase or sell a home.
If you are in a position where you are unable to sell or buy a home, for whatever reason, you may wish to consider owner financing as an option.
Listed below are some of the benefits of selling or buying a home using owner financing:
- Reduced marketing time
- Larger pool of buyers
- May improve seller’s credit rating
- Pride of ownership (versus a renter)
- Prevents foreclosure or a short sale
- Minimal or no commissions
- Minimal or no closing costs
- Quick closing (we can usually close in less than a week)
- No repairs required
- No property maintenance (versus a renter)