Do you own a house and are thinking about selling? We buy houses in Gastonia North Carolina and selling the traditional way (through an agent) will give you access to some buyers. However, if you’re asking, “how do I sell my house owner financing in Gastonia NC” then you’re making a smart move that will give you access to many more buyers! We are professional homebuyers in North Carolina and keep reading to find out how…
Introduction To “Sell My House Owner Financing In Gastonia NC”
When a homeowner sells their home the traditional way (through an agent), the buyers are typically regular buyers who are trying to get a mortgage to buy a house that they will live in. In some markets, there is a lot of this kind of buyers but in other markets, there aren’t as many. And real estate agents typically work with this kind of “pre-qualified” buyers who can get a mortgage through a bank.
However, this method of selling is not without its problems. For example, sometimes you have to wait to see if a buyer can even get financing (and sometimes the financing falls through so you’re forced to keep showing your house to find another buyer).
If you want to increase the likelihood that you’ll sell your home, and expand the range of possible buyers who can buy, here’s a little-known strategy you might not be aware of: sell your home with owner financing.
Owner financing is when a buyer skips the bank and buys directly from you. In essence, you’re the bank! Just like a bank, you get an up-front deposit and then you get regular payments that pay off the amount owing. In most cases, you hold the title until the house is fully paid off, and then the title transfers to the buyer.
Benefits of selling with owner financing
- It opens up the number of buyers because now you’ll be able to find buyers who might not normally be able to get bank financing.
- It gives you cash flow since the buyer will need to pay regular payments to you (just as they would need to pay regular mortgage payments to the bank).
- It protects you because even if the buyer stops paying, you still own the house!
- And unlike owning a rental, there isn’t a lot of property management since that will be the responsibility of the buyer.
Wondering, “how do I sell my home property owner financing in Gastonia NC”? Start by deciding how much you’d like to get each month for your house.
There are many different ways to sell your property and in this blog post, we shared with you how to sell with owner financing. Selling with owner financing isn’t for everyone but if you want more exposure to buyers, plus some cash flow, plus plenty of protection, then selling with owner financing might be right for you.
Gastonia NC Home Buyers
And here’s an even faster way to sell your property owner financing in Gastonia NC– you can sell your house in NC to us. We sometimes work out owner-financing deals with sellers like you. We are local North Carolina house buyers and we offer cash for houses in Gastonia in any situation. If you have any questions whatsoever about selling your house and the surrounding areas, don’t hesitate to reach out to our team! We will make the process simple so you can quickly sell your property and move on!