Seller Financing - Why Be The Bank
Below is a MRR and PLR article in category Finance -> subcategory Real Estate.
Seller Financing: Why Act Like the Bank?
Summary
Why consider seller financing? Here are compelling reasons to do so.Reasons to Offer Seller Financing
1. Higher Sale Price
Offering easy terms can allow you to command a higher price. For instance, when I sold a rental property without making any improvements, I managed to sell it for 15% more simply by offering seller financing. The buyer got what seemed like an incredible deal with minimal upfront costs. Plus, if needed, I can sell the financing contract for cash.
2. Attractive Returns
The 9% interest I earn is appealing, but the overall return is even better. Not only did I sell the property for a significant profit, but I also earn interest on the entire balance. For those who want a solid return without the headaches of being a landlord, buying low for cash and selling high with terms is a smart strategy. This approach works if you're comfortable having your assets tied up.
3. Faster Sales
Seller financing can expedite the sale process. In my experience, I was able to finalize a deal within a week simply by offering appealing terms. By broadening the market for potential buyers, seller financing increases the odds of a quicker sale.
4. Selling Challenging Properties
Properties that are hard to finance conventionally can still find buyers through seller financing. For example, mobile homes on land can be tricky to finance. By adjusting the price slightly and providing favorable terms, you can quickly attract buyers enthusiastic about owning rather than renting.
Offering seller financing requires certain conditions. I owned my property outright, which gave me flexibility. Even if you have an existing mortgage, there are methods to offer seller financing safely. These techniques deserve their own discussion in a future article.
You can find the original non-AI version of this article here: Seller Financing - Why Be The Bank .
You can browse and read all the articles for free. If you want to use them and get PLR and MRR rights, you need to buy the pack. Learn more about this pack of over 100 000 MRR and PLR articles.