(The following is provided as an aid in understanding Owner Financing and is considered an advertisement for Osprey Financial.)

Providing owner financing will sell your home or property faster. It’s pretty much an undisputed fact. Most real estate experts will tell you the same. Owner financed homes sell very quickly. So why don't more home sellers use it? Good question. 

When home sellers are asked why they don't take the owner finance route, the most common replies are: I can't because: 
    * "I've got a mortgage that needs to be paid off at closing". 
    * "I need cash to buy another property". 
    * "I've been told it's very difficult...a job only for professionals". 
Although many other reasons are given, these are the ones heard most often. 

There are many good reasons a home seller cannot wait years to collect their money. The fact is though, you can sell your property faster by providing your buyer with owner financing ...and still receive all cash at closing. 

The first thing to understand is that financing sells property. Given most people cannot afford to write a check to purchase your home, financing must be obtained. There are a lot of quality buyers out there who are unable to qualify for a conventional loan. The easier it is to get financing, the easier it is to purchase a piece of property. 

This has created a demand for owner financed home sales. By offering owner financing, up to twice as many potential buyers are able to purchase your property. And, since you are offering attractive terms, buyers are willing to pay a premium. You usually receive the full appraised property value using the owner financed sales method. 

A little review on how owner financing works:
When a seller provides owner financed terms to their buyer, they are agreeing to receive part of the sales price in the form of an I.O.U. or promissory note. This note is secured by the property sold, if the payments are not made the property can be taken back. 

Secured by real estate, this note is a valuable asset and can be sold for cash at the same time the sale of the property closes (known as a simultaneous closing). Cash from sale of the note can be used to pay off an existing mortgage or other liens. 

By selling the note at closing a seller can provide owner financing for their buyer and still receive all the cash they need. A true win-win situation for everyone involved. This process may be unfamiliar to you and a little intimidating. However, it is easy, straightforward, ethical, perfectly legal, and is done every day across the nation...and has been for years. 

If you are willing to spend a couple of evenings to learn the basics of owner financing, then you can benefit from this method of selling your home quickly. Osprey Financial has produced an e-book, “Your Guide to Owner Financing”, that shows you how to sell your owner financed home for cash at closing. It covers all the details for the entire process in a simple, easy to understand format. You can learn everything you need to know. Just some of the topics covered include: 
    * How to determine your sales price (see also SmartPrice software program)
    * Qualifying your buyers (see also SmartBuyer software program)
    * Hiring a real estate attorney 
    * Home inspections (see also Inspection Advice)
    * Creating a quality note 
    * Signing a purchase agreement 
    * Closing the deal 
    * How and where to sell your note for cash 
Also included are note sales examples for dollar amounts the seller receives. 
    * Simultaneous Closings 
    * Seasoned Notes 
    * Partial Purchase 
In a nutshell, Your Guide to Owner Financing will teach you how to sell your home property safely, quickly, for full value and for all cash. 

And don't worry…you won't be left hanging. If you have additional questions or need any help with the process, Osprey Financial will be there to guide you and provide assistance. 

Click on this link to find out more and get started on your way to owner financing. 

©Copyright Osprey Financial 1999-2001