Do you own a house and are thinking about selling it? It is true that you can find the right buyer if you sell your home the traditional way with an agent. However, have you ever thought about selling your home with owner financing in Raleigh NC?
If you are willing to consider owner financing in NC, then you’re making a smart move that will give you access to many more buyers! This option will also allow you to sell off-market if your house needs repairs or is otherwise not ready to list on the market with a real estate agent. Keep reading to find out how…
“Owner Financed Homes In Raleigh NC“
When a homeowner lists their home on the market through a real estate agent, the typical buyer is someone who is looking to get a mortgage for a primary residence. These buyers can be first-time home buyers or people who are looking for their “forever” home. 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 your home is not without its problems. For instance, sometimes you can go under contract with a buyer who is seeking mortgage financing with a bank to purchase the home. The only problem with that is sometimes the financing falls through and the buyer will have to back out leaving you having to put your house back on the market and showing it once again. This means the loss of valuable time.
If you want to increase the chances of selling your home and expanding the range of possible buyers who are ready to buy, here is a little-known strategy you might not be aware of: selling your house with owner financing.
Owner financing is when a buyer skips the bank and buys directly from you. In essence, you are acting as the bank! Just like a bank would, you receive an up-front down payment and then you get regular payments that pay off the remaining balance.
Benefits of Owner Financed Homes in RaleighNC
- It opens up the number of buyers because now you’ll be able to find buyers who might not normally be able to get bank financing.
- It gives you some nice cash flow since the buyer will need to pay regular payments to you. Instead of a bank getting paid interest, you will.
- It protects you because even if the buyer stops paying, you can get the house back!
- And unlike owning a rental, there isn’t any stress of managing the property as a landlord. That responsibility lies with the new owner. That means no dealing with tenants or repairs.
Wondering, “how do I sell my house owner financing in Raleigh 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. 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.