The Trusted Home Buyer Logo602-456-4440

5 Benefits of Offering Owner Financing To Home Buyers In Phoenix

Martin Boonzaayer

February 7, 2020

Offering owner financing is an excellent way to sell your house for the price you want, all while making money off of the interest. Learn more in this post!

Utilizing owner financing or a rent-to-own agreement is an excellent way for investors and homeowners who want to sell a house quickly and for the price they want. While the home won’t be sold outright until the end of the agreement, it can be a way to increase what you’re making each month, while almost guaranteeing a sale on a pre-determined date. Many people don’t consider this option when selling their Phoenix house. However, if you don’t need the entirety of your proceeds upfront, selling your house in Phoenix with a rent to own agreement may be right for you!

Sell Faster

When you use a rent-to-own agreement or offer owner financing to buyers, you will open the door for many people to buy your house who may not have been able to before. More potential buyers means that you will be able to get a contract signed much more quickly. You will be able to find potential buyers who are eager and determined to follow through on their end of the transaction. Be sure to do your homework on your prospective borrower. If a traditional bank had turned them down in the part, there is likely a reason why.

Create Consistent Income

By offering owner financing, you’ll be able to bring in a consistent income each month, with a lower risk of a late or missed payment. Your tenants are invested in the property and are much less likely to default on their payments when they know they are in it to eventually own the home outright. In most cases, you aren’t going to have to worry about any vacancy during the life up the agreement. A savvy investor may be able to facilitate a few of these agreements on multiple properties, thus producing a very strong, somewhat passive, income for themselves.

Get The Price You Want

People who are taking advantage of your owner financing offer are going to have less room to negotiate for a lower price. In many cases, they are eager to buy, especially if they haven’t been able to in the past. As such, you will likely be able to find someone who will pay you exactly what you want for the house, even if it does take a little bit of time to collect 100% of your proceeds.

Collect More Each Month

In addition to getting the overall price you would like to receive for the property, your tenant will also likely pay you a higher than average “rent” payment each month until the agreement has completed and they buy the house outright. In some cases, a percentage of the monthly payment will go toward the down payment on the house, owners can still find themselves collecting a higher than average check each month.

Peace Of Mind

When you consider offering owner financing to prospective buyers, you’ll get the peace of mind in knowing that the people moving in are going to take care of the home. If they trash it, miss a payment, or otherwise violate the agreement, they could be out a hefty down payment along with their opportunity to purchase your home.

Offering owner financing for your house in Phoenix may feel risky, however it is how investors and homeowners all over the country are able to create consistent income while selling a house they’d rather not hold onto for the long term. Our team is happy to answer all of your questions and help you facilitate the process!

Reach out to us today to learn more about offering owner financing when trying to sell your house fast in Phoenix!

Explore more

June 17, 2022
10 Reasons Why You Should Sell Your House to an Investor

If you need to sell your house quickly, you should consider selling it to an investor. Investors like The Trusted Home Buyer can even navigate tough situations like foreclosure, divorce, probate, or other issues that make selling your house very difficult and uncertain.  In fact, real estate investors are some of the best buyers in […]

Read More
May 19, 2022
How The Trusted Home Buyer Helps Seniors And Their Families 

Our team is passionate about helping seniors when they are ready to transition to senior care living. Our team members are Moms House certified and have been actively out in the community, networking with people in the senior health industry. Our program was designed to help seniors and their families with one of the biggest […]

Read More
March 24, 2022
How To Sell A House In Probate

After there is a death in your family, the idea of selling the family home can be a very difficult one to make. Not only are there memories tied to the home, but there is also a large list of complications that come with the probate process. Understanding how this process works can be a […]

Read More
March 2, 2022
I Want To Sell My Mobile Home Quickly

If you want to sell your mobile home quickly, you can take a few routes, each with its own level of work on your part. For example, you have the option to sell to an investor for quick cash. You can fix up your property and list it yourself. You can hire a real estate […]

Read More
The Trusted Home Buyer Logo
Copyright © The Trusted Home Buyer
WE BUY HOUSES IN:

4.7 64 reviews