Is Owner Financing A Good Idea For The Seller In Wichita – (316) 413-8314

If you’re thinking about selling your house, you may be considering different options. Perhaps you’re exploring seller financing (also called “owner financing”). Owner financing is a poorly known yet very effective way to sell your house. And maybe you’re wondering, is owner financing a good idea for the seller in Wichita? That’s a great question and we’ll talk about the benefits in this post.

Here’s How Owner Financing Works

In a usual home sale, the buyer (who does not have all the money to buy a house straight-forward) goes to a lender (such as a bank). Usually the buyers will make a down payment followed by regular monthly mortgage payments until the borrowed amount is paid in full.

Most people buy and sell houses this way. But there’s another way to sell your house that you might not know about, and it involves owner financing.

Owner financing utilizes the same system as a traditional mortgage, but changes one crucial factor – the seller of the house acts like the bank. The buyer makes a down payment to the seller and then makes regular monthly payments (just like mortgage payments) to the seller until the house is paid in full. After this, the ownership of the house transfers to the buyer.

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

Owner financing is a great idea to many sellers.

  • These sellers experience a larger pool of potential buyers to sell to (including those who might not qualify for traditional bank financing)
  • These sellers receive monthly cash flow from financing payments
  • These sellers still own the house and are protected on the occasion that the seller stops paying
  • These sellers do not have to manage their property

It’s hard to find a downside for these sellers? You get ongoing cash flow and protection, all while selling your house. That’s a perfect recipe. Whether you are selling your primary residence, or selling some of your rental property, owner financing might be a great option for you.

If you’d prefer to spread out payments or have more potential buyers, 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 (316) 413-8314 or click here to fill out the form and we’ll get back to you ASAP

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