Owner Financing Albuquerque

5 Benefits of Owner-Financing in Albuquerque for the Seller:

We often hear that owner-financing was designed to help one party or the other, which simply isn’t true. The terms of owner-financing are agreed upon by the parties entering into the agreement and therefore rely on each situation differently. If the terms are unfair to one party, or the other, then the deal is not made, or the negotiations should continue. It’s as simple as that. It was created to benefit both parties, but for our purposes here we are going to look at the 5 Benefits of Owner-Financing for the Seller:

Better Returns.

If you don’t need the money from the purchase to buy a new home, then you might think of selling using owner-financing. Negotiate terms for long term gain. You can often receive higher interest rates from owner-financing than from parking it in the bank. Not to mention, sometimes buyers who can’t qualify for traditional loans, or don’t want to hassle with the process will pay more for a property just for the convenience of owner financing.

You Negotiate the Terms.

Everything is negotiable. Get creative. Make the terms as beneficial as possible. Practice those negotiation skills. And most importantly, know what you want and stand firm on the terms that matter to you.

There is a Larger Pool of Buyers.

There is a huge list of untapped buyers who can’t (or don’t want to) qualify for a bank loan. See our latest post on 5 Buyers Looking for Owner Financing.

Easier Default Process.

The default process is much easier, and quicker, than judicial foreclosure. A property can get tied up in the judicial foreclosure process for months, or even years, which can cost the seller time and money. Again, everything is negotiable, but the typical default period is 30-days. Contact an attorney to explain the details.

You Can Sell the Contract Later.

There is a secondary market waiting to buy your interest in the real estate contact. You can take your active real estate contract and sell it for cash. If you would like more information on how this secondary market works look for us on under Sunwest Escrow. We have an extensive list of videos for both buyers and sellers.

If you’re interested in offering owner-financing in Albuquerque on your next property contact us at 505-237-2225 to get all the information.