Owner Financing & Its Benefit to the Seller

1. OWNERFINANCING & ITS BENEFITTOTHESELLER When a property owner is willing to sell a property and he/she agrees to accept payment-over-time from the buyer, the agreement is known as owner financing or seller financing. Both parties to the contract enter into an agreement, voluntarily, and with the help of an escrow company. If the terms of the agreement are satisfactory to only one side of the agreement, a negotiation can continue until final agreement is meta. basically eliminates the third-party which saves a lot of money both buyer and seller. Owner financing The following are some benefits of owner financing for the seller: 1. Good Returns: If you don't need the money at the time of selling your home, you can consider offering "owner-financing" to the buyer, in which you will receive not only the selling amount but also interest rates over the term of the agreement. 2. Negotiation: Don’t hesitate to think out of the box to create options for yourself as well as the buyer that are beneficial and easy to live up to. Then rely on the to oversee the monthly or regular transactions. 3. Long List of Buyers: There are many buyers who can't qualify for the bank loan, offering owner financing allows someone to realize their dream of over a residential or commercial property, they may not otherwise be able to do so. 4. Easier Default Process: By discluding the use of bank or mortgage company finance paperwork and oversite, the process of completing the sales transaction can be less complicated and as well as less time consuming. 5. Sell the Contract Later: Sellers can take the real estate contract and sell it for the cash. Escrow Company To know more about owner financing and other related services, contact in Albuquerque online or call on (505)237-2225. Sunwest Escrow Inc. Add: 10600 Menaul Blvd NE, Albuquerque, NM 87112 Phone No.: 505-237-2225