We buy houses in Washington DC. If you’re thinking about selling your house using owner financing, make sure you read this blog to understand fully the benefits and drawbacks of selling your house using owner financing in Washington DC… As your local Washington DC home buyers, we fully understand what you’re going through. If you want to have a smooth selling process, we can help you as we offer cash for houses in Washington DC
Introduction to “Sell My House Owner Financing In Washington DC“
When a homeowner sells their home the traditional way (through an agent), the buyers are typically regular buyers who are trying to get a mortgage to buy a house that they will live in. In some markets, there are a lot of these kind of buyers but in other markets there aren’t as many. And real estate agents typically work with these kind of “pre-qualified” buyers who can get a mortgage through a bank.
However, this method of selling is not without its problems. For example, sometimes you have to wait to see if a buyer can even get financing (and sometimes the financing falls through so you’re forced to keep showing your house to find another buyer).
If you want to increase the likelihood that you’ll sell your house, and expand the range of possible buyers who can buy, here’s a little-known strategy you might not be aware of: sell your house with owner financing.
Owner financing is when a buyer skips the bank and buys directly from you. In essence, you’re the bank! Just like a bank, you get an up-front deposit and then you get regular payments that pay off the amount owing. In most cases, you hold the title until the house is fully paid off, and then the title transfers to the buyer.
Benefits of selling with owner financing
- It opens up the number of buyers because now you’ll be able to find buyers who might not normally be able to get bank financing.
- It gives you cash flow, since they buyer will need to pay regular payments to you (just as they would need to pay regular mortgage payments to the bank).
- It protects you because even if the buyer stops paying, you still own the house!
- And unlike owning a rental, there isn’t a lot of property management since that will be the responsibility of the buyer.
We Buy Washington DC Houses
We buy houses in DC. If you’re wondering “how do I sell my house fast in Washington DC“, then you may need us. The House Guys are local homebuyers in DC, and we’re helping local homeowners have a quick and hassle-free sale. If your house qualifies, we can make you a fast and fair offer.