Owner Financed Homes In NC – Narrow Path House Buyers

Owner Financed Homes in NC

Do you own a house and are thinking about selling? Selling the traditional way (through an agent) will give you access to some buyers. However, if you’re asking, “how do I sell my house owner financing in NC” then you’re making a smart move that will give you access to many more buyers! Owner financed homes are homes that are sold with a type of creative financing called owner financing sometimes also called seller financing. Keep reading to find out more…

When a homeowner sells their home the traditional way (through an agent), the buyers are typically regular buyers who are trying to get a mortgage to buy a house that they will live in. In some markets, there are a lot of these kind of buyers but in other markets there aren’t as many. And real estate agents typically work with these kind of “pre-qualified” buyers who can get a mortgage through a bank.

However, this method of selling is not without its problems. For example, sometimes you have to wait to see if a buyer can even get financing.

If you want to increase the likelihood that you’ll sell your house and expand the range of possible buyers who can buy, here’s a little-known strategy that might work for you.

Owner financing is when a buyer skips the bank and buys directly from you. In essence, you’re the bank! Just like a bank, you get an up-front down payment and then you are paid regular monthly payments that pay down the principle.

When a homeowner sells their home the traditional way (through an agent), the buyers are typically regular buyers who rely on qualifying for a mortgage to buy a house that they will live in. In some markets, there are a lot of these kind of buyers but in other markets there aren’t as many. And real estate agents typically work with these kind of “pre-qualified” buyers who can get a mortgage through a bank.

However, this method of selling is not without its problems. For example, sometimes you have to wait to see if a buyer can even get financing. In many cases, the financing falls through so you’re forced to keep showing your house to find another buyer.

If you want to increase the likelihood that you’ll sell your house and expand the range of possible buyers who can buy, here’s a little-known strategy you might not be aware of: sell your house with owner financing.

Owner financing, also known as seller financing, is when a buyer skips the bank and buys directly from you. In essence, you’re the bank! Just like a bank, you get an up-front down payment and then you receive regular monthly payments that pay down the remaining balance.

Benefits of selling with owner financing

  • It opens up the number of buyers because now you’ll be able to find buyers who might not normally be able to get traditional bank financing.
  • It gives you cash flow, since the buyer will need to pay regular payments to you (just as they would need to pay regular mortgage payments to the bank).
  • It protects you because even if the buyer stops paying, you are the first position lien holder. The worse case scenario is you take back the house.
  • And unlike owning a rental, there isn’t a lot of property management since that will be the responsibility of the buyer.

Owner Financing Homes

Wondering, “how do I sell my house with owner financing in NC”? Start by deciding how much you’d like to get each month for your house.

There are many different ways to sell your house and in this blog post, we shared with you how to sell with owner financing. Owner financed homes allows you to become the bank and earn interest every month while the buyer pays you payments every month. Selling with owner financing isn’t for everyone but if you want more exposure to buyers, plus some cash flow, plus plenty of protection, then selling with owner financing might be right for you. Owner financed homes

If you are considering selling your house with owner financing, the Narrow Path House Buyers buys houses in North Carolina. In fact, we are buying houses, specifically in the Raleigh area as well as in Greenville.

Get More Info On Options To Sell Your Home...

Selling a property in today's market can be confusing. Connect with us or submit your info below and we'll help guide you through your options.

Get An Offer Today, Sell In A Matter Of Days...

We buy houses in Raleigh NC! Sell your home fast without the hassle. Are you looking for a quick sale and cash in your hands fast? Pay no fees and close on your schedule. Fill Out The Form Today To Get Your CASH Offer!
  • This field is for validation purposes and should be left unchanged.