Benefits To Sell Your Home With Seller Financing, often referred to as Rent To Own Or Lease Option
Find Good Quality Buyers - There are many home buyer candidates who have good, stable, long term employment but may have short term credit blemishes. We bring those buyers to you. If credit repair is needed we have them work with a mortgage professional to guide them down the path to restore their credit to obtain a mortgage, normally within 12-36 months.
Sell Your Home Fast - Buyer demand for seller financed homes is high. When you sell your home owner financed also referred to as rent to own you are offering a unique opportunity the buyer may not be able to find elsewhere. We have buyers pre-screened and ready to view properties now. We may have a buyer who is the perfect fit for your home now. We get your house sold fast!
Make More Money On The Sale - Seller financed buyers are often willing to pay your listing price, due to the unique opportunity you are offering them. You will not have the traditional real estate commissions (6-7%) coming out of your pocket. Buyers are less likely to ask for additional sellers help discounts off the listing price.
Debt Relief - Are your monthly mortgage payments crushing you? We have buyers looking for homes how. We can sell your house quickly. Getting cash in your pocket fast.
Buyers Are Responsible For Maintenance, Taxes, Etc - The buyers are responsible for all maintenance on the property. This includes mowing the grass, snow removal, general maintenance and any other needed repairs. We do suggest a 30 day seller show of good faith grace period for the seller to address any needed repairs. Ensure a win – win so the buyer can buy with confidence.
Buyers Ready And Waiting – We are constantly marketing buyers to Rent To Own Homes, Lease Option Property and Seller Financing Buyers to ensure we have a pool of buyers pre-screened and ready to look at homes that are offered with seller financing.
Tremendous Demand - Buyer demand is high for seller financed homes, typically referred to as rent to own homes
Buyers Have Skin In The Game - Seller financed buyers have a strong interest in following through. They pay an option fee up front normally 7% of the purchase price. Plus, just like a mortgage payment a portion of each monthly payment goes toward principle pay down and a portion toward interest. If they do not follow through they loose these benefits. Walking away from thousands of dollars on the table.
Yes - Your home can still be marketed for traditional sale or rent while also offering your home for sale with seller financing.
Prospective Buyers Are Screened - Our mortgage professional reviews each buyer’s application to determine the length time until the buyer will qualify for a mortgage. They will verify income and employment information, references are checked, previous landlords contacted and criminal backgrounds checked.
Credit Repair? Not all applicants are in need to credit repair. Self employed persons often have a more difficult time qualifying for a mortgage. Or the buyer could have had a lapse between jobs.
Tax Benefits - You will may be able to retain the tax benefits, associated with home ownership, check with your tax professional.
How Do You Get Paid Each Month - The buyer with make payment to a 3rd party payment processor who will disperse the funds to your mortgage company to ensure that your mortgage (if applicable) gets paid, to local taxing authorities, any remaining monies to you. This added layer of protection improves the documentation of on time payments for obtaining a mortgage.
In Summary – You get top dollar for your house, save on selling costs, and get your house sold fast.