Is Owner Financing A Good Idea For The Seller In Augusta

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 if owner financing is a good idea for the seller in Augusta? That’s a great question; we’ll discuss 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) pays a down payment, and then makes 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 Augusta

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 can still 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 an excellent option.

If you’d prefer to spread out payments or have more buyers trying to buy your house, owner financing might be a great option. Consider owner financing if you’re serious about selling your home and want to explore all your options.

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 706-873-1213 or click here to fill out the form, and we’ll get back to you ASAP