The future of smart homes is here, and it's changing the way we live in our homes. With technology advancing at a rapid pace, it's no surprise that the real estate industry is taking notice. Smart
Owner Financing 101
Dated: January 18 2023
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- Increased access to financing for buyers: Owner financing can make it easier for buyers to qualify for a loan, as the seller may be able to offer more flexible terms, such as a lower down payment or a longer period of time to repay the loan.
- Improved ability to purchase the property: Owner financing can make it possible for buyers to purchase a property that they might not have been able to otherwise.
- Increased pool of potential buyers for sellers: Owner financing can be a great way for sellers to sell a property that might be difficult to sell to traditional buyers.
- Potential to increase sale price: Seller financing can increase the pool of potential buyers and potentially increase the sale price of the property.
- Ongoing income for sellers: With owner financing, the seller can benefit from ongoing income from the loan payments.
- Avoidance of capital gains tax for sellers: Owner financing can enable the seller to avoid capital gains tax that may be triggered with a traditional sale.
- Win-win situation for both parties: Owner financing can provide a sense of security to the seller that their property is in good hands and being maintained well by the buyer
Phillip Perez
Phillip Perez is a full-time realtor and a consistent producer. Having the right real estate agent means having the right agent who is committed to helping you buy or sell your home with the highest l....
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating
