Owner financing is a creative technique for selling a house.  It is an
arrangement whereby the seller agrees to "carry" the financing of the
house.  The buyer and seller mutually agree on the terms set forth in
a note.

Owner financing also helps a potential buyer OVERCOME 

Advantages for the SELLER:

The ability to sell your property (house) AT OR ABOVE your asking
     price.  In comparison, other sellers choose to discount their selling price.

 The ability to sell your property QUICKLY while other sellers are
     waiting for an offer.

 The ability to avoid extensive price negotiations.  The reason being
     because your buyer is WILLING to accept your asking price in exchange
     for the opportunity to receive owner financing.

 The ability to create a cash flow after the sale of your property.
   
 The ability to ensure the safety of your note.

 Increases the number of potential buyers.

 Makes YOUR house more desirable (the down payment for example).

 You become the bank (finance part of the purchase price with no
     assistance needed from the bank).

 An appraiser is LEGITIMATELY allowed to appraise property at approxi-
     mately 5% higher than fair market value if owner financing is involved.

 Allows you to set the terms of the note such as the interest rate and
     monthly payment.

 Allows for the tax advantage of receiving payments over time instead of
     receiving one total amount at the time of the sale.

The ability to sell a note to a note buyer more quickly than you can sell a
     property.

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Advantages for the BUYER:

 Ability to AVOID the hassle from a financial institution because of self-
     employment, lack of sufficient time on the job, or a low credit score. 

 Ability to obtain financing assistance from the seller if you can not afford
     the down payment.

 The ability to accept the seller's terms, such as asking price, without
     further negotiation.  Those buyers who can NOT qualify for a conventional
     loan will more than likely accept such terms.

 An affordable payment plan can be arranged with the seller who is willing
     to discuss options.  Since the seller is in a position to sell the house, flexibility with
     the note terms is almost guaranteed.


Owner financing is NOT a desperation strategy to sell a house.  Without owner
financing, you are simply another seller competing with others with NO REAL
COMPETITIVE ADVANTAGE IN THE MARKETPLACE.


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