Sell Your Home Quickly For Top Dollar

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Owner financing allows a home seller the opportunity to sell their home quickly, while still acheiving full market value. By selling the resulting mortgage or trust deed, the home seller can choose to structure an all-cash deal for their property.

Owner financing is becoming increasingly popular as an alternative to traditional bank lending solutions. Currently, it is estimated that approximately 20%, or one in five, of all real estate transactions in the US involve owner financing. Because the requirements for an owner financed loan are somewhat less rigid than those necessary for a bank loan, more buyers are able to qualify for an owner financed loan. Closing costs are much lower and closing can take place much more quickly because there is no need to wait for bank approval. Usually, there is more flexibility in negotiating the terms of the sale and home sellers are typically able to achieve full market value for their homes.

Owner financing, also called seller financing or creative financing, results in the creation of a privately held mortgage or trust deed. This mortgage or trust deed provides the home seller with a solid investment secured by real property. Typically, this mortgage or trust deed provides a monthly payment at an attractive interest rate. There may also be tax benefits as capital gains can be extended over a longer period of time. In addition, the mortgage or trust deed is a liquid asset which can be sold for cash, potentially allowing the home seller to receive all cash at closing and still allowing the home buyer to extend payment over a longer term.

Owner financing can successfully be used to sell single family homes, multi-family homes, commercial properties, mobile homes, land and businesses. Often, properties which do not qualify for more traditional lending situations can be sold when owner financing is offered.

First Class Cash Flow Handlers buys and sells privately held mortgages and trust deeds. We also provide products and services which assist home sellers in utilizing owner financing to sell their home, as well as products designed to help mortgage and trust deed holders protect their investments. For more information, visit us at http://www.firstclasscashflow.com or call us at 401-258-7158.

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