4 Benefits of Owner Financing
Many real estate transactions on homes involve the issuance of a loan from a mortgage company, in which you set the payment and interest terms with the company. Owner financing offers an alternative to this, however, that could be beneficial to you, whether you are buying or selling a home. Owner financing means that if you are buying a home, the current homeowner will extend credit to you, and you and that homeowner will set the terms of payment and interest.
At Easy Road Home, our real estate team understands how confusing the process of buying or selling a home in Austin can be. Fortunately, by understanding the available options, such as owner financing, homeowners and buyers can get the best deals available.
4 Great Benefits
Choosing owner financing when purchasing a home can be beneficial to you for many reasons, including the following:
- Possible reduction of time a home is on the market
- Closing cost reduction
- Credit requirement reduction and flexible finances
- Better sales pricing
These benefits have encouraged both buyers and sellers to choose owner financing over more traditional methods like going through a loan company for real estate transactions.
Contact a Real Estate Expert in Austin
Navigating Austin real estate can be tricky, particularly when you are unsure how to finance your home. The experts at Easy Road Home understand these potential difficulties, but want to help you consider all of your options, including owner financing. Give us a call today at 888-405-2817 to talk about your options.