Don’t let covid-19 stop you from selling your house. Owner finance the sale of your house.
Owner financing a house you are trying to sell during the Coronavirus pandemic can turn a stale mate into a full house (figuratively). This takes one step in selling your house out of the equation. Read about the benefits of selling your house with owner financing.
Cash Upfront
Just because you’reselling your house with owner-financing, doesn’t mean your home buyer will avoid a down payment. It is much safer to have your buyer put some money down on the house. This forces your house buyer to “invest” in their new home. A down payment of 2-10%, depending on your market and the price of the house, will cover your risk and prove the buyer is serious.
If something happens and they walk away later, you already have the money to pay for a foreclose. Simply call a real estate attorney (or ...