Brief Summary of Benefits of Seller Financing
August 23rd, 2008 Categories: Self Help Financing
Be your own banker.
Look into some of the benefits sellers can realize by carrying paper. This is an option that should be considered when thinking of selling your property in good or bad times.
Some of the benefits:
- Defer capital gains
- Keep equity at work at interest rates higher than the bank is paying
- Get a good cash down payment at close of escrow
- Collect hassle-free monthly income for years into the future
- The note is secured by a property the Seller understands
- Many times the Seller gets more each month than they could collect in rent
- No more tenant or maintenance issues
- No more property taxes or insurance
- If the buyer stops paying, the Seller keeps everything and gets the property back
- If they or their heirs ever need money, they can sell all or part of the note for cash
- Larger number of prospective buyers and a quicker sale because you offer seller financing. SELLER FINANCING or OWNER WILL CARRY are powerful words you can add to a FOR SALE sign or classified advertisement.
Contact your CPA, tax preparer or attorney and discuss the benefits for your particular case. You may earn more money for retirement and savings from the sale of your property. It is worth looking into.
Data Source: The Note Queen.
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