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Is Owner Financing A Good Idea For The Seller In Raleigh – (919)-229-4991

If you’re thinking about selling your house and you’re wondering what your options are, perhaps you’re exploring something called “seller financing” (also called “owner financing”). Owner financing is a little-known but very effective way to sell your house. And maybe you’re wondering, is owner financing a good idea for the seller in Raleigh? That’s a great question and we’ll talk about it in this blog post…

In a normal home-selling transaction, the buyer (who doesn’t have ALL of the money for a house) goes to a lender (such as a bank) and they pay a down payment and then make regular monthly mortgage payments until the borrowed amount is paid in full.

This is the way most people are familiar with buying and selling. But there’s another way to sell your house that you might not be aware of, and it involves owner financing.

With owner financing, everything is similar except this one thing – the seller of the house acts like the bank: the buyer pays a down payment to the seller and then makes regular payments (just like mortgage payments) to the seller until the house is paid in full. Then the ownership of the house transfers to the buyer.

Many Sellers Are Wondering, Is Owner Financing A Good Idea For The Seller In Raleigh?

Many sellers do find owner financing to be a great idea.

  • They like that they have a larger group of potential buyers to sell to (including those who might not qualify for traditional bank financing)
  • They like that they get monthly cash flow from financing payments
  • They like that they still own the house and are protected, should the seller stop paying
  • They like that there is no property management

What’s not to love? You get ongoing cash flow and protection, and you’re still able to sell your house. That’s a perfect recipe. Whether this is your primary residence that you’re looking to sell, or you’re a landlord who is ready to start selling some of your rental property, owner financing might be a great option for you.

If you’d prefer to spread out payments or to have more buyers trying to buy your house, owner financing might be a great option for you. If you’re serious about selling your house and want to explore all of your options, take a closer look at owner financing.

Additional Information:

Understanding Owner Financing:

Owner financing, commonly referred to as seller financing, is a versatile selling approach wherein the seller acts as the lender, enabling the buyer to make payments directly to them instead of securing a traditional bank loan. This arrangement provides flexibility for both parties and expands the pool of potential buyers, including those who may not qualify for conventional financing. Private mortgages are essentially loans made by individuals or private entities rather than traditional lending institutions.

Process of Owner Financing:

The process of owner financing involves several key steps to ensure a smooth and successful transaction:

  1. Evaluate the Property: The first step in owner financing is to evaluate the property’s current value. Factors such as the remaining balance, the interest rate, and the payment history can all influence the value of the mortgage. It’s essential to have a clear understanding of these factors before proceeding with the sale.
  2. Determine the Sale Price: Once the property has been evaluated, the next step is to determine the sale price. This price will depend on various factors, including the current market conditions, the terms of the mortgage, and the financial stability of the buyer. Working with a reputable broker can help ensure that you get the best possible price for your mortgage.
  3. Market the Property: After determining the sale price, the next step is to market the property to potential buyers. This can be done through various channels, including online listings, real estate agents, and mortgage brokers. The goal is to attract as many qualified buyers as possible to maximize the sale price.
  4. Negotiate the Sale: Once a buyer has been found, the next step is to negotiate the terms of the sale. This includes determining the down payment, the interest rate, and the repayment schedule. It’s essential to work with the buyer to ensure that the terms of the sale are fair and reasonable for both parties.
  5. Close the Sale: The final step in owner financing is to close the sale. This involves transferring the property to the new owner and finalizing all the necessary paperwork. Working with a reputable broker can help ensure that the closing process goes smoothly and efficiently.

Benefits of Owner Financing:

There are several benefits to owner financing, including:

  1. Immediate Access to Cash: One of the most significant benefits of owner financing is immediate access to cash. This can be especially advantageous if you need funds quickly to pay off debt, invest in other opportunities, or cover unexpected expenses.
  2. Risk Mitigation: Owner financing allows you to transfer the risk of default to the buyer. This can provide peace of mind, knowing that you won’t be responsible for any missed payments or other issues that may arise.
  3. Flexibility: Owner financing offers a high degree of flexibility, allowing you to tailor the terms of the mortgage to meet your specific needs. This includes setting the interest rate, the repayment schedule, and other terms of the loan.
  4. Attracting a Larger Pool of Buyers: By offering owner financing, you can attract a larger pool of potential buyers who may not qualify for traditional bank financing. This can help you sell your property more quickly and at a higher price.


In conclusion, owner financing can be an excellent option for sellers in Raleigh. It provides flexibility, immediate access to cash, and the ability to attract a larger pool of potential buyers. If you’re serious about selling your house and want to explore all of your options, consider owner financing as a viable alternative. Contact BHERI CAPITAL today to learn more about your options and how owner financing can benefit you.

With that said, owner financing is not for everyone. If you want to talk to one of our team about how owner financing might work for you, and what some of your other options are, call our team right now at (919)-229-4991 or click here to fill out the form and we’ll get back to you ASAP

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