• Allows you to act as a lender
• There is a lump sum of cash up front/down payment
• You get income over time
• Mortgage payment received is usually higher than market rent because you can charge higher interest rate.
• Provides an investor a broader market to sell to because you can have financing option to attract buyers.
• You can offer financing without bank qualifying they may have lower credit scores or higher debt to income ratio
• May attract those buyers not even thinking of buying.
Seller financing can be an excellent way to sell or buy a property quickly and at a good price. As conventional financing becomes even more costly, more difficult to obtain and more time consuming.
• Allows you to act as a lender
• There is a lump sum of cash up front/down payment
• You get income over time
• Mortgage payment received is usually higher than market rent because you can charge higher interest rate.
• Provides an investor a broader market to sell to because you can have financing option to attract buyers.
• You can offer financing without bank qualifying they may have lower credit scores or higher debt to income ratio
• May attract those buyers not even thinking of buying.
Seller financing can be an excellent way to sell or buy a property quickly and at a good price. As conventional financing becomes even more costly, more difficult to obtain and more time consuming.