Owner Finance House Selling

[Azone]

Hey guys,

I've decided to make this forum to talk about the success I've had after selling my home through seller financing when it was time for me to retire and down scale on house size.

It's enabled me to earn a passive income on top of my pension without any hassle.

I feel as though this idea would greatly benefit others like myself who are looking to move but would prefer a steady income rather than a lump sum.

What is seller financing?
When you (the seller) chose to act as the bank to a potential buyer negotiating an interest rate far better than what the bank has to offer.

Benefits

• Monthly income - I receive a steady income from the buyer which is great!
  
• Spreads out taxes
  
• Better return on investment - I charged the buyer a 10% interest rate - far better than what I could of got elsewhere.
  

With the monthly income I receive from my old home + my existing pension I'm able to afford to do most things which my pension did not allow for before. My wife and I are about to sale around the world!!

Any questions on the topic, I would be happy to help as this has well and truly changed my outlook!

Good Luck Everyone!

Adam

 

[nvtribefan]

I'd like to know where "a 10% interest rate" is "an interest rate far better than what the bank has to offer"?

 

[jujube]

Well, if I thought I could get anyone to pay me 10% interest rate on a mortgage, I'd sell/finance my house myself, too. Unfortunately, it would probably be someone whose credit is too bad to get a conventional mortgage and who would want to deal with that?

Call me a cynic, but I think if you respond to the OP, you'll get some kind of a spiel to buy a series of "classes" on how to be an owner financier.

 

[Ken N Tx]

Call me a cynic, but I think if you respond to the OP, you'll get some kind of a spiel to buy a series of "classes" on how to be an owner financier.

His profile does say doctor ???