Has your property been sitting on the market and you are looking for a way to get it sold? Offering owner financing is one way to stand out from the competition and sell a property that otherwise might not (or at least not for the price you are asking). But before going this route, you need to do your homework on the pros and cons. Here are a few to consider:
- Larger buyer pool - By offering owner financing, you open the door for more interested buyers. If your home has been on the market for a while – this could help generate the buyer you have been waiting for.
- Higher sales price – Because you are offering owner financing, you will have the upper hand and can command a...