{"id":149,"date":"2014-08-24T12:21:48","date_gmt":"2014-08-24T17:21:48","guid":{"rendered":"http:\/\/taxandhomes.com\/new?p=149"},"modified":"2016-07-02T19:50:35","modified_gmt":"2016-07-03T00:50:35","slug":"sell-property-fast-owner-financing","status":"publish","type":"post","link":"http:\/\/taxandhomes.com\/new\/sell-property-fast-owner-financing\/","title":{"rendered":"Sell Property Fast With Owner Financing"},"content":{"rendered":"<div style=\"padding-bottom:20px; padding-top:10px;\" class=\"hupso-share-buttons\"><!-- Hupso Share Buttons - http:\/\/www.hupso.com\/share\/ --><a class=\"hupso_toolbar\" href=\"http:\/\/www.hupso.com\/share\/\"><img decoding=\"async\" src=\"http:\/\/static.hupso.com\/share\/buttons\/share-medium.png\" style=\"border:0px; padding-top:5px; float:left;\" alt=\"Share Button\"\/><\/a><script type=\"text\/javascript\">var hupso_services_t=new Array(\"Twitter\",\"Facebook\",\"Google Plus\",\"Pinterest\",\"Linkedin\",\"Email\",\"Print\");var hupso_background_t=\"#EAF4FF\";var hupso_border_t=\"#66CCFF\";var hupso_toolbar_size_t=\"medium\";var hupso_image_folder_url = \"\";var hupso_url_t=\"\";var hupso_title_t=\"Sell Property Fast With Owner Financing\";<\/script><script type=\"text\/javascript\" src=\"http:\/\/static.hupso.com\/share\/js\/share_toolbar.js\"><\/script><!-- Hupso Share Buttons --><\/div><div id=\"attachment_803\" style=\"width: 617px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-803\" class=\"wp-image-803 \" src=\"http:\/\/taxandhomes.com\/new\/wp-content\/uploads\/2014\/08\/house-construction-1005491-300x196.jpg\" alt=\"Owner financing\" width=\"607\" height=\"397\" srcset=\"http:\/\/taxandhomes.com\/new\/wp-content\/uploads\/2014\/08\/house-construction-1005491-300x196.jpg 300w, http:\/\/taxandhomes.com\/new\/wp-content\/uploads\/2014\/08\/house-construction-1005491-1024x668.jpg 1024w\" sizes=\"auto, (max-width: 607px) 100vw, 607px\" \/><p id=\"caption-attachment-803\" class=\"wp-caption-text\">Rather than just reducing price consider offering owner financing to sell a property quickly<\/p><\/div>\n<p>When a property isn\u2019t selling most <a href=\"http:\/\/www.investopedia.com\/terms\/r\/realestateagent.asp\">real estate agent<\/a>s are quick to suggest a reduction to the sales price. It is common to see the tag line \u201cPrice Reduced\u201d added to for sale signs and listings <!-- and ads. --><\/p>\n<h5>Rather than just reducing price&#8230;<\/h5>\n<h5>consider offering owner financing to sell a property quickly!<\/h5>\n<p>In today\u2019s real estate market obtaining a mortgage can be a large stumbling block to home ownership. In the midst of this <a href=\"https:\/\/en.wikipedia.org\/wiki\/Subprime_mortgage_crisis\">subprime mortgage meltdown<\/a> it is difficult to obtain a loan, especially for anyone with less than A+ credit and a 20% down payment.<\/p>\n<p>While there are many reduced priced properties for sale few are offering a solution to the financing challenges. By offering owner financing the seller can reduce marketing time and maximize price while providing the buyer an economical alternative to bank loans.<\/p>\n<p>The buyer makes a down payment and the seller accepts payments over time from the buyer. In essence the seller becomes the bank and is able to collect interest on the balance financed at the agreed upon rate.<\/p>\n<p>Rather than collect payments for 20 to 30 years most sellers will prefer a balloon payment provision that requires the buyer to refinance and payoff the seller in 3 to 5 years. The seller also has the option of selling all or part of the payments to a note investor for cash now.<\/p>\n<p>Back in the 1980\u2019s the use of owner financing increased when interest rates were in the teens and borrowers had troubles qualifying based on the high monthly payments. Seller financing is now offering a similar solution to the financing challenges caused by the mortgage crisis.<\/p>\n<p>Offering owner financing can be a very effective way to reduce marketing times, provided a property is priced at fair market value using comparable sales. Simply add the words \u201cOwner Will Finance\u201d to the advertising and watch the inquiries increase.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>When a property isn\u2019t selling most real estate agents are quick to suggest a reduction to the sales price. It is common to see the tag line \u201cPrice Reduced\u201d added to for sale signs and listings Rather than just reducing price&#8230; consider offering owner financing to sell a property quickly! In today\u2019s real estate market [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[14,20,26,29],"class_list":["post-149","post","type-post","status-publish","format-standard","hentry","category-seller-financing-tips","tag-owner-financing","tag-sell-mortgage-note","tag-seller-financing","tag-seller-financing-tips-2","entry"],"_links":{"self":[{"href":"http:\/\/taxandhomes.com\/new\/wp-json\/wp\/v2\/posts\/149","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/taxandhomes.com\/new\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/taxandhomes.com\/new\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/taxandhomes.com\/new\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/taxandhomes.com\/new\/wp-json\/wp\/v2\/comments?post=149"}],"version-history":[{"count":8,"href":"http:\/\/taxandhomes.com\/new\/wp-json\/wp\/v2\/posts\/149\/revisions"}],"predecessor-version":[{"id":807,"href":"http:\/\/taxandhomes.com\/new\/wp-json\/wp\/v2\/posts\/149\/revisions\/807"}],"wp:attachment":[{"href":"http:\/\/taxandhomes.com\/new\/wp-json\/wp\/v2\/media?parent=149"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/taxandhomes.com\/new\/wp-json\/wp\/v2\/categories?post=149"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/taxandhomes.com\/new\/wp-json\/wp\/v2\/tags?post=149"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}