Depending on how desperate you are to sell, and how realistically you price your home, you could offer to sell with a lease/purchase or lease option, but you would be better off for many reasons to sell outright.
If a buyer is qualified to buy it will not take a year for them to get financing. If a buyer is not qualified a year might not be enough time. The important thing is that you understand the benefits/disadvantages in doing a lease purchase or a lease option. Feel free to contact me to discuss each and how they might work or not for you.
Best of Luck;
CEO & SR Credit Repair Specialist at
Everlasting Credit Repair
Ex-Mortgage Broker of 10+ years
We also have DIY Packages available.
The appraisal has to come in "correctly" as well. If the appraisal comes in low, your buyer may have to come up with more cash down ot they may walk - or you may have to give back. You can always ask the agent to "give back" to make a deal go. Good luck with that.
Also, if you have deal with a local bank - it might be easier to work with. Shop around - online, with local and national banks. Be careful of handing out your personal info as you don't want a million credit inquires,
Again - if your home is in tip-top "sellable" condition, and you have it price appropritely, and it's marketed correctly - it will, in most likelyhood - sell. Again.....best of luck!
All depends on your financial situation as others have mentioned and the quality of the buyer. But to directly answer your question. Yes, buyers are able to get home loans, if qualified.
Offering owner financing of any kind totally depends on your financial situation. You need to evaluate your comfort level and your cash flow before making that type of decision.