Do you want extra incentive for buyers to consider buying your property? Try offering owner financing. It's a great way to motivate folks to make an offer and you can beat the return of CDs or savings accounts by charging a premium interest rate. Fearful they may default or walk away? Require 20% to 25% down payment. If they do, you keep your down payment and sell the home again.
I recently sold a home for an investor in Panama City to a middle age couple. The buyers had experienced a bankruptcy but were solid with their previous two years credit. The investor charged a premium of 7 % interest, helping him improve his return on his money and the buyer got a great home without the hassle of overcoming a bankruptcy in qualifying for a home loan. It was a win win situation for everyone. Lynn Haven and Panama City homes for sale are great opportunities to use this great marketing tool to sell your home.
Comments(0)