{"id":1874,"date":"2023-02-02T00:00:00","date_gmt":"2023-02-02T05:00:00","guid":{"rendered":"https:\/\/chrisbuyshomesstlseller11.carrot.com\/?p=1874"},"modified":"2023-02-02T00:00:00","modified_gmt":"2023-02-02T05:00:00","slug":"is-owner-financing-a-good-idea-for-the-seller-in-detroit","status":"publish","type":"post","link":"https:\/\/www.chrisbuyshomesdetroit.com\/blog\/is-owner-financing-a-good-idea-for-the-seller-in-detroit\/","title":{"rendered":"Is Owner Financing A Good Idea For The Seller In Detroit &#8211; (313) 217-9851"},"content":{"rendered":"<p>If you\u2019re thinking about selling your house and you\u2019re wondering what your options are, perhaps you\u2019re exploring something called \u201c<strong>seller financing<\/strong>\u201d (also called \u201cowner financing\u201d). Owner financing is a little-known but very effective way to sell your house. And maybe you\u2019re wondering, <strong>is owner financing a good idea for the seller in Detroit<\/strong>? That\u2019s a great question and we\u2019ll talk about it in this blog post\u2026<\/p>\n<h2><strong>Here\u2019s How Owner Financing Works<\/strong><\/h2>\n<p>In a normal home-selling transaction, the buyer (who doesn\u2019t 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 <a href=\"http:\/\/money.cnn.com\/calculator\/real_estate\/mortgage-payment\/\" target=\"_blank\" rel=\"noopener\">mortgage payments<\/a> until the borrowed amount is paid in full.<\/p>\n<p>This is the way most people are familiar with buying and selling. <em>But there\u2019s another way to sell your house that you might not be aware of, and it involves owner financing.<\/em><\/p>\n<p>With owner financing, everything is similar except this one thing \u2013 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.<\/p>\n<h2><strong>Many Sellers Are Wondering, Is Owner Financing A Good Idea For The Seller In Detroit<\/strong><\/h2>\n<p>Many sellers do find owner financing to be a great idea.<\/p>\n<ul>\n<li>They like that they have a larger group of potential buyers to sell to (including those who might not qualify for traditional bank financing)<\/li>\n<li>They like that they get monthly cash flow from financing payments<\/li>\n<li>They like that they still own the house and are protected, should the seller stop paying<\/li>\n<li>They like that there is no property management<\/li>\n<\/ul>\n<p>What\u2019s not to love? You get ongoing cash flow and protection, and you\u2019re still able to sell your house. That\u2019s a perfect recipe. Whether this is your primary residence that you\u2019re looking to sell, or you\u2019re a landlord who is ready to start selling some of your rental property, owner financing might be a great option for you.<\/p>\n<p>If you\u2019d prefer to spread out payments or to have more buyers trying to buy your house, owner financing might be a great option for you. <span style=\"text-decoration: underline\">If you\u2019re serious about selling your house and want to explore all of your options, take a closer look at owner financing.<\/span><\/p>\n<h3 style=\"text-align: center\"><u><a href=\"\/\">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 (313) 217-9851 or click here to fill out the form and we\u2019ll get back to you ASAP<\/a><\/u><\/h3>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you\u2019re thinking about selling your house and you\u2019re wondering what your options are, perhaps you\u2019re exploring something called \u201cseller financing\u201d (also called \u201cowner financing\u201d). Owner financing is a little-known but very effective way to sell your house. And maybe you\u2019re wondering, is owner financing a good idea for the seller in Detroit? That\u2019s a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"rank_math_lock_modified_date":false,"inline_featured_image":false,"footnotes":""},"categories":[6],"tags":[54],"class_list":["post-1874","post","type-post","status-publish","format-standard","hentry","category-owner-financing","tag-is-owner-financing-a-good-idea-for-the-seller-in"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.chrisbuyshomesdetroit.com\/wp-json\/wp\/v2\/posts\/1874","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.chrisbuyshomesdetroit.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chrisbuyshomesdetroit.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chrisbuyshomesdetroit.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chrisbuyshomesdetroit.com\/wp-json\/wp\/v2\/comments?post=1874"}],"version-history":[{"count":0,"href":"https:\/\/www.chrisbuyshomesdetroit.com\/wp-json\/wp\/v2\/posts\/1874\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.chrisbuyshomesdetroit.com\/wp-json\/wp\/v2\/media?parent=1874"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chrisbuyshomesdetroit.com\/wp-json\/wp\/v2\/categories?post=1874"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chrisbuyshomesdetroit.com\/wp-json\/wp\/v2\/tags?post=1874"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}