Owner Financing? Should You Sell Without A Down Payment
I have been asked many questions with regard to selling a home with Owner Financing.
One typical question I am asked often…“I am selling my home and offering Owner Financing, but having trouble finding a good candidate with a good down payment. Should I take a chance and allow a buyer to put no money down?”
I tell my potential clients that it is never a good idea to sell a home without a down payment from the buyer. You want the buyer to invest some of their own money into the home. If they have their own money involved, they are more likely to take care of the home, keep up with maintenance and pay the bills associated with home ownership.You want the potential buyer to show some commitment to the home.
