6 Owner Financing Tips For Sellers In Weatherford

Learn these 6 owner financing tips for sellers that are in a situation where you need to sell your house fast in Fort Worth or make a little more money from the sale of your house.  If you’re thinking of selling your house using owner financing, make sure you read this blog post to learn the 6 owner financing tips for sellers in Weatherford…

There are many ways to sell your house. You could list it on the market with an agent and see what sellers will pay. You could work with a real estate buying company (like what we do here at Tim The House Buyer) and get a fair all-cash offer, or you can consider owner financing and “be the bank” to sell your house to a buyer and collect payments over time.

Owner financing is a valuable but under-used (many times mis-understood) strategy to sell your house fast. It’s where you offer terms to the buyer to pay you regular payments (just like a mortgage). Here are 6 owner financing tips for sellers in Weatherford that could help you sell your house faster and for more money…

(Watch the short video clear to the end for two additional Bonus Tips for you)

Owner Financing Tips For Sellers-

Owner Financing Tip #1: Don’t Focus Only On Price

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Price is just one component. Of course, you’ll want to find a price that is fair for both of you but there are other considerations as well (which could benefit you more than the asking price).

Owner Financing Tip #2: Timeline

Think about the timeline you want to be paid in. Banks might offer 5, 10, 15, 20, and 25-year mortgages. Do you want to accept payments over that period of time? Your buyer will want to find a timeline that works for them, too: they might not want to be paying you 25 years down the road!

Owner Financing Tip #3: Terms

The terms of the deal are one of the most important yet most overlooked parts of the deal. The terms might include things like how much down payment you want if there’s an early repayment penalty or a late payment penalty, and most important – how much interest you charge.

Owner Financing Tip #4: Protect Yourself

Even if you enter into an agreement with someone who is completely trustworthy, things could still go wrong – so make sure you protect yourself. For example, make sure you have insurance and the other person does as well for the various situations that could occur. And consider including a clause that retains the ownership of the house in your name until the house is fully paid.

Owner Financing Tip #5: Build Contingencies

Most of your owner financing agreement will be built around the “ideal plan” – of what would happen if everything goes perfectly. But sometimes things happen outside of our control, so building contingencies allow you to make better decisions if the unexpected happens. For example, what if the buyer no longer wants the house, or can longer pay, or wants to pay early, or wants to use the house in a different way than expected? Or what if your circumstances change and you no longer want to sell or you need to sell even faster? Agree to the contingencies with your buyer ahead of time and the arrangement will be so much smoother.

Owner Financing Tip #6: Get An Attorney / Title Company

No matter how you ultimately structure your owner financing deal, make sure you work closely with an attorney or title company who can help you. A poorly worded agreement could end up hurting you; an attorney can help.

Are you thinking about selling your house?

If you’re thinking of selling and are exploring your options, consider selling directly to us. If you don’t want to go through the hassle and headache of selling to the market then we might be able to help. Call Tim at (817) 550-5069 Ext# 5000 or click here Now and fill out our short form and we’ll give you a fair “all-cash” offer on your house.

TMC Property Solutions is an accredited business and A+ rated members of the Fort Worth BBB and has been buying houses fast in Dallas Fort Worth since the year 2000.  

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About masterrei

TMC Property Solutions is a Veteran owned and operated small business and is your premier house buyer in the Dallas Fort Worth metroplex based in Weatherford, Texas. Tim has been helping families with their housing situations since 2000 buying houses fast in Fort Worth and the surrounding areas, locating and offering Investor deals at deeply discounted prices. Tim Cook is a dedicated real estate professional, REI mentor, and entrepreneur with extensive training and experience in buying houses fast in difficult situations and helping hundreds of families with their housing needs all across the north Texas, Dallas, Fort Worth, Weatherford, and surrounding areas and is an expert in creative problem solving for home owners needing an out-of-the-box solution that works for today's difficult real estate market and teaching other investors to do the same. Tim is also the founder of the West DFW REI Group and would like to invite all Texas investors to join him at www.Meetup.com/West-DFW-REI-Group. Contact us for a free no-obligation consultation and let us know how we can help you or visit us online at www.IBuyNorthTexasHomes.com. Investors please visit www.AllWholesaleProperties.com and take advantage of all the free Investor Resources. To Your Success! Tim Cook, President

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