What Is Seller Financing?
Seller financing, also known as owner financing, allows a homeowner to act as the lender for a buyer. Instead of the buyer securing a traditional mortgage, you provide the financing directly, and the buyer makes payments to you.
Benefits of Seller Financing in Bend
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Attract More Buyers: Some buyers may not qualify for conventional loans.
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Potentially Higher Sale Price: Flexible terms can make your property more appealing.
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Steady Income Stream: Monthly payments provide predictable income over time.
Ideal Situations for Seller Financing
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Unique or hard-to-finance properties.
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Buyers who have strong potential but limited access to traditional loans.
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Investors looking for creative solutions.
Things to Consider Before Offering Financing
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Legal structure: Work with a real estate attorney to protect yourself.
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Interest rates and payment terms: Set terms that reflect market rates.
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Risk management: Consider what happens if the buyer defaults.
Bottom Line: Seller financing can be a powerful strategy in Bend real estate, but it requires careful planning and professional guidance.
