The Trusted Home Buyer Logo602-456-4440

Is Owner Financing A Good Idea For The Seller In Phoenix – 866-488-9923

Martin Boonzaayer

December 5, 2019

If you’re thinking about selling your house and you’re wondering what your options are, perhaps you’re exploring something called “seller financing” (also called “owner financing”). Owner financing is a little-known but very effective way to sell your house. And maybe you’re wondering, is owner financing a good idea for the seller in Phoenix? That’s a great question and we’ll talk about it in this blog post…

Here’s How Owner Financing Works

In a normal home-selling transaction, the buyer (who doesn’t have ALL of the money for a house) goes to a lender (such as a bank) and they pay a down payment and then make regular monthly mortgage payments until the borrowed amount is paid in full.

This is the way most people are familiar with buying and selling. But there’s another way to sell your house that you might not be aware of, and it involves owner financing.

With owner financing, everything is similar except this one thing – the seller of the house acts like the bank: the buyer pays a down payment to the seller and then makes regular payments (just like mortgage payments) to the seller until the house is paid in full. Then the ownership of the house transfers to the buyer.

Many Sellers Are Wondering, Is Owner Financing A Good Idea For The Seller In Phoenix

Many sellers do find owner financing to be a great idea.

  • They like that they have a larger group of potential buyers to sell to (including those who might not qualify for traditional bank financing)
  • They like that they get monthly cash flow from financing payments
  • They like that they still own the house and are protected, should the seller stop paying
  • They like that there is no property management

What’s not to love? You get ongoing cash flow and protection, and you’re still able to sell your house. That’s a perfect recipe. Whether this is your primary residence that you’re looking to sell, or you’re a landlord who is ready to start selling some of your rental property, owner financing might be a great option for you.

If you’d prefer to spread out payments or to have more buyers trying to buy your house, owner financing might be a great option for you. If you’re serious about selling your house and want to explore all of your options, take a closer look at owner financing.

With that said, owner financing is not for everyone. If you want to talk to one of our team about how owner financing might work for you, and what some of your other options are, call our team right now at 866-488-9923 or click here to fill out the form and we’ll get back to you ASAP

Explore more

January 20, 2022
Can I Sell My House With Tenants In It?

 If you are a landlord that wants to sell your rental property, but you still have tenants, you might be wondering how this process works and whether or not you should go the traditional vs. investor route. A lot goes into selling a property, especially if a lease is involved, so use this guide to […]

Read More
December 15, 2021
How To Sell A Hoarder Home

The traditional way of selling your home might work for some, but what if you are dealing with costly home repairs or own a lot of stuff. If your home is full of things that you have collected over the years, it can get overwhelming trying to navigate home showings, listings, and everything else that […]

Read More
December 10, 2021
The Merger and Acquisition of urapc.org and thetrustedhomebuyer.com

Now you might ask why would a home buying company like The Trusted Home Buyer acquire a domain with the name "urapc.org"? Good question and we will get back to it in a bit but first, let's talk about the history of this domain. The furthest record we could find about urapc.org dates back to […]

Read More
November 19, 2021
Write For Us

We welcome individual bloggers / Professional Writers / Freelancers to submit high-quality content. You can submit for consideration an original article that is not already published anywhere else, even on your website, with content based on your personal experiences and professional expertise. We will review the article and publish it if accepted. We reserve the […]

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

4.7 61 reviews