you have owned your home for a while and have some equity built up you made a large down payment on your home and
therefore have some equity built up you don't have an immediate need for a large sum of
cashOwner Financing
Could you take some money now and some later?
Would a steady monthly income interest you?
If you answered "yes" to either of these questions, then owner financing might be an option. The investor signs a promissory note to you and pays you interest. The agreement terms and amounts are negotiated between you and the investor, creating a win/win situation for you both. Hint: investor's can often pay a higher price for your property if you are able to offer owner financing and are flexible with the terms.
Owner financing is a great choice for you if:
you have owned your home for a while and have some equity built up
you made a large down payment on your home and
therefore have some equity built up
you don't have an immediate need for a large sum of
cash