should i market my home as an owner finance? It is worth 1.8mil

Julianna
Home Seller
Midlothian, Richmond,...

Answers (4)
Hannah Fliegel
Real Estate Pro
Corte Madera, CA

Hi Julianna,

Seller financing is a great way to sell a property especially since in your price range you need an all cash buyer. Therefore, if you get a down payment and then act as the bank for the buyer you can expect to get a steady payment each month and if the buyer does not pay you then you will have some collateral. You can arrange to have the "deed in Lieu" put into the contract early just in case, hopefully you never have to use it but you have an extra layer of protection there.
Good luck!

Sat Jul 4 2009, 08:37
Bill Eckler-Flo...
Agent
Venice, FL

In our opinion, owner financing is a proposition that should be approached with a great deal of caution. One thing is for certain, a major consideration should be a very sizable deposit to protect your interests.

Gool luck

Fri Jul 3 2009, 08:30
Peggy James
Agent
Woodbridge, VA

If you the owner, are able to offer Seller Financing, and a buyer is willing to meet your financing terms, it could be a match made in heaven!

The keys to your success will be finding a qualified buyer who may not fit into traditional banking guidelines however who has a signifigant down payment and is willing to agree to your terms.

What I can tell you is Jumbo Money has been in the deep freeze for awhile, it is just now beginning to flow again. The terms you offer must be better than what a prospective buyer can secure from a traditional lender.


First off call around or have your Realtor of choice find out what funds are available from local lenders for homes loans up to $1.8 Million. For example,earlier this year, Bank of America was the first to open up financing for Doctors up to one million with only a five pecent initial investment.(see post below) Just make sure what you are offering is better and you should be able to sell your home.

Good Luck! If you need a Top Producing Realtor in your area, who will get your home sold. Call me 703-851-3085

Wed Jul 1 2009, 04:22
Orin Sherman
Agent
Honolulu County, HI
FIRST ANSWER

The more options you have on the table the more chance you have of selling quickly and at a better price.

Wed Jul 1 2009, 03:48

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