3 Reasons to Finance as the Seller

Seller financing is an option that is often overlooked in the real estate world. If you are selling your house, here are a few reasons that you might want to consider financing the sale.

1. Making the Deal

In some cases, you will be able to make deals that you would not have been able to otherwise with the use of seller financing. Sometimes, buyers will not be able to qualify for a traditional loan at a bank. They might really want to purchase your house but they cannot get the money. By using seller financing, you can cater to this type of crowd.

2. Higher Interest

When you utilize seller financing, you should be able to charge slightly higher interest than what is available in the market. Most of the time, those that are willing to pursue seller financing expect to pay higher interest rates. This will allow you to create a steady source of income for yourself at a solid interest rate.

3. Better Terms

When you are utilizing seller financing, you might be able to negotiate better terms or a higher purchase price. Since you are financing the sale, the buyer does not have to pay all of the closing costs that come with a traditional lender.