In today’s market, it can be pretty darn difficult to sell a house, even if you’re offering a good price on a good property. That’s a function of two huge issues: (1) a huge supply of available houses and (2) a shortage of easily available mortgage loans, even for reasonably well-qualified buyers.
The fact is that this is a marketing issue. And one of the ways that you can give yourself a marketing advantage is to offer seller financing when selling your properties.
Owner financing takes several forms:
- Lease-Options/Lease-Purchases
- Land contracts/Agreement For Deed
- Seller carry-back notes
- Wrap-Around Mortgage
- Subject-To
In the coming days, I’ll tell you more about each of these types of transactions, and how to choose which is the best for your situation. In the mean time, use the comments area below to let us know if you’ve made any adjustments to how you’re selling/renting your properties in light of the challenging market conditions.
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