Four Reasons To Offer Seller Financing
Below is a MRR and PLR article in category Finance -> subcategory Real Estate.
Four Compelling Reasons to Offer Seller Financing
Summary
Do you need to get cash for your property immediately? If not, consider making it more attractive for buyers and potentially more profitable for you through seller financing.
Introduction
Years ago, I sold a rental property just nine months after buying it, at a 15% profit, without any improvements. The secret? Seller financing with easy terms. I accepted a $1,000 down payment and continue to receive monthly payments at 9% interest.
Reasons to Consider Seller Financing
1. Achieve a Higher Sale Price
As demonstrated by my experience, buyers are willing to pay more for flexible terms. From their perspective, they acquire a property with minimal upfront cost, potentially covering payments with rental income. This approach can be appealing even if the property's resale value drops.
2. Enjoy a Good Return on Investment
While I'm earning 9% interest, the actual return is even more substantial, considering the 15% profit from the sale. For an excellent return minus the hassles of landlord duties, you can buy properties at a low price and sell them high, offering terms.
3. Sell Faster
By expanding the pool of potential buyers with flexible terms, you increase the likelihood of a quick sale. Seller financing opens the door to more interested buyers navigating the real estate market.
4. Move Difficult Properties
If your property struggles with conventional financing options, seller financing might be the solution to secure a fair price and ensure it gets sold.
Conclusion
While mortgages and loans can limit selling options, owning a property outright allows you flexibility in offering seller financing. Even if you still owe on the property, there are safe ways to navigate this. Those strategies, however, are topics for another discussion.
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