145. Is Owner Financing A Good Idea For The Seller in Dana Point CA

We buy houses in Dana Point California. If you’re considering selling your house and wondering what your options are, you could explore something called “seller financing” (also called “owner financing”). Owner financing is an obscure but highly effective way of selling your home. And perhaps you think, is the owner financing a good idea for the seller in Dana Point? That’s a great question! We are homebuyers in CA and in this blog post, we’re going to talk about it…

Is Owner Financing A Good Idea For The Seller In Dana Point CA

Here’s How Owner Financing Works In California

The buyer (who does not have ALL of the money for a house) goes to a lender (such as a bank) in a normal home-selling deal and pays a down payment and then makes regular monthly mortgage payments until the borrowed sum is fully paid.

That’s how most people get to know about buying and selling. But there is another way to sell your property that you may not be aware of, through owner financing.

Everything is identical with owner financing except this one thing–the house seller acts like the bank: the buyer pays the seller a down payment and then makes regular payments (like mortgage payments) to the seller until the property is paid in full. Then the house ownership is passed to the buyer.

Many Sellers Are Wondering, Is Owner Financing A Good Idea For The Seller In Dana Point

Most sellers see owner financing as a great idea.

  • They like having a larger group of potential buyers to sell (including those who might not qualify for traditional bank financing)
  • They like to gain monthly cash flow from financing payments
  • They like they still own the house and are protected if the seller stops paying
  • They like there’s no property management

What shouldn’t you love? You get ongoing cash flow and security, and your house can still be rented. That’s a perfect formula. Whether it’s your primary residence you’re looking to sell, or you’re a landlord who’s willing to start selling some of your rental property, owner financing may be a great option for you.

Sell My House In Dana Point CA

If you’d rather spread out payments or have more buyers trying to purchase your home, owner financing could be a great option for you. Take a closer look at owner financing if you are serious about selling your home and want to explore all of your options. If you want to sell your house in CA but want to avoid all the hassles, Premier Property Buyers can help. We are Dana Point home buyers and we pay cash for houses in California. We’d like to make a no-obligation offer on your property!

With that said, selling through owner financing is not for everyone. If you want to talk to one of our team about how owner financing might work for you, and what some of your other options are, call our team right now at (714) 475-7526 or click here to fill out the form and we’ll get back to you ASAP.

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