In most real estate transactions, the buyer has to take out a mortgage loan through a financial institution in order to be able to afford their new home or property. However, in some circumstances, owner financing may be a better option for both buyers and sellers. Owner financing involves the person who owns the property extending credit to the buyer of the home, on terms worked out between the two parties.
At Easy Road Home, we have extensive experience helping both buyers and sellers to reach acceptable terms for owner financing. With the assistance of our team of qualified professionals, you can rest assured that your home sale or purchase will go as smoothly as possible and that all possible steps will be taken to avoid future complications.
The Benefits of Owner Financing
Owner financing can have significant benefits for both buyers and sellers. The following are some of the many reasons why more and more people are beginning to choose owner financing:
- Reduces the amount of time home sales can take
- Reduced closing costs
- Reduced credit requirements and greater financial flexibility
- Potentially higher sales prices
Even if you have never considered owner financing before, these and other potential benefits of owner financing may make this option right for your particular needs and situation.
If you are interested in learning more about owner financing and whether it may be right for you, we’d be more than happy to talk through it with you. Contact Easy Road Home today at 888-405-2817 to speak with a friendly member of our staff and learn more about how we can help you.