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Consider owner financing to sell your home.

By David Austin and Barry Goldberg

Are you thinking about selling, or do you need to sell your home in today’s market?

• Do you have equity in the property?

• Is the property sitting there not selling?

• Do you have a buyer, but they can’t get a loan?

Consider seller financing (carrying paper, seller carry back). It may be the best way to adapt to the current climate in the real estate market.

• A seller can get dollar for his property and close in 2 to 4 weeks, instead of languishing on the market for months unsold.
• A buyer can acquire a home or investment for himself or his family without the pain of having to deal with crippled banks or mortgage companies.

The owner financed note or mortgage that you create can then be sold to an investor looking for cash flow. You get the money you need to pay off your mortgage or move on with your life. You can also collect the monthly payments yourself and keep the profits.

Both buyers and sellers benefit regardless of market conditions.

Full post as published by Cash Flow Solutions Blog on June 27, 2008 (boomark / email).