We buy houses in Irvine, California. With the recent changes in the economy that we’ve seen, many homeowners are discovering new ways to sell their homes that weren’t available before. Now, you no longer have to sell through an agent – either you can sell on your own or you can even accept seller financing. If you’re wondering how to sell a house by owner financing in Irvine CA, keep reading and we’ll walk you step by step through the process.
How to Sell a House by Owner Financing in Irvine CA
Step 1. Determine Whether You Own the CA House Outright or Still Have a Mortgage
In some states, you may not be able to offer owner financing if you have a mortgage, but you can in other states. So, the first step here is for you to determine whether you have a mortgage or not in your CA home.
Step 2. Ask a Real Estate Attorney in Irvine for Help in Crafting an Agreement
With seller financing, you are essentially acting like a bank in Irvine. The buyer will settle a down payment and then pay you regular monthly payments until the property is fully paid off, and then it becomes their own house. You have to make sure you talk to a real estate attorney in California to ensure that you are protected and are obeying all federal, local, and state laws while also protecting yourself! (If you need a name of a good real estate attorney, get in touch with us for more information.)
Step 3. Market Your Home Online and Offline in California
Once the paperwork is in place, you are ready to advertise to the buying public that you have a house for sale. Be sure to let people know that you are offering seller financing in Irvine CA. Good thing, though, is that there’s no limit to how much marketing you should do – the more you can do, the better.
Step 4. Work With Potential Irvine CA Home Buyers
As your marketing catches the attention of potential homebuyers in California, work with them to show them through your property. When someone makes an offer on your house, negotiate the price and terms with them and find the middle ground that will ensure a win/win situation. Sign the papers once you and the buyer reach an agreement.
Step 5. Collect the Down Payment and Hand Over the Keys to the Home in CA
Once you’ve agreed on a price and have signed the papers, collect the down payment and hand over the keys to your home in Irvine. In most situations, you will continue to own the house and collect payments until the home is fully paid off, then ownership transfers to the buyer.
Sell My House in Irvine CA
If you’re wondering how to sell your house in Irvine CA by owner financing, we can help. We at Premier Property Buyers might be able to offer you some advice or even work out an owner financing arrangement where we purchase your home from you. We offer cash for houses in California, and we can close fast and in time with your schedule.