Owner Financing is a real estate transaction where we buy your home, but instead of getting a traditional mortgage from a bank, you act as the lender. We make regular payments to you over time, similar to how a mortgage works.

In a cash sale, you receive the full payment upfront. With Owner Financing, you receive a down payment and then regular payments over time. This can provide you with a steady income stream and potentially more total profit due to interest.

Owner Financing can be attractive if you want to sell quickly, avoid realtor fees, or if you're looking for a steady income stream. It can also be beneficial if the buyer doesn't qualify for traditional financing but is otherwise a strong candidate.

Typically, we provide a down payment upfront. Then, we make regular monthly payments to you, which include principal and interest. The terms, including interest rate and payment period, are negotiated and agreed upon before closing.

Yes, Owner Financing is a legal and legitimate way to sell a property. However, it's important to have proper documentation and follow all applicable laws and regulations. We work with experienced professionals to ensure everything is done correctly.

If you have an existing mortgage, it typically needs to be paid off at closing. The down payment we provide often goes towards this. If your mortgage can't be fully paid off, we may be able to explore other options or structures.

Benefits can include a quicker sale, potential tax advantages from spreading out capital gains, a steady income stream, and possibly a higher sale price due to the financing provided.

The main risk is that if we default on payments, you may need to go through foreclosure proceedings. However, we have a strong financial track record and take our obligations seriously. We also put protections in place for both parties.

Owner Financing deals can often close more quickly than traditional sales, sometimes in as little as 2-3 weeks. This is because we're not waiting on bank approvals for a mortgage.

Owner Financing typically doesn't directly impact your credit. However, if you're using the income to qualify for other loans, you may need to report it to credit agencies or on loan applications.

If we were to stop making payments, you would have the right to reclaim the property through foreclosure, similar to how a bank would. The property serves as collateral for the financing you're providing.

Yes, in most cases, you can sell the promissory note to a note buyer if you decide you'd prefer a lump sum instead of continued payments. The value of the note will depend on various factors including the remaining balance and payment history.

Every homeowner's situation is unique. We offer free, no-obligation consultations where we can review your specific circumstances, explain your options, and help you determine if Owner Financing is the best solution for you.