Looking to sell your house with seller financing? Here are some common questions about us.
Why would you want to sell finance your property? Ideally, you still want to cash out for a portion of the property but then you want to also have some of that money coming in with interest for a monthly income, this is the best of both worlds. Not to mention, this can be done in multiple ways. Some of which, allow you to not have to pay nearly as many taxes on the funds you would get up, but give us a call to chat about the specifics on that as it needs to follow a specific criteria.
​
Here is a video that also explains some great reasons on why to consider seller financing. (Copy and paste into your search engine link below)
01
What if I have a mortgage?
We will take over payments. Yep, we will take over the payments as well as giving you an additional monthly payment plus interest for the EQUITY in your home that you are seller financing as well. We can also still bring money as a down payment to this as well, or if you need more than 10% down there are ways to do that too. We have been able to get people over 300k and the client not have to pay taxes on it because they refi it as "debt" and then we take over those payments as well. This might be a bit confusing, so if you're interested let us know and we can send you a structure breakdown.
02
Who pays for repairs, taxes, insurance, maintenance, and any other fees?
We do. We take full responsibility on these projects and this allows you to be able to net the actual amount we agree to and you're no longer needing to make sure a tenant is paying rent on time, or mess around with large repair bills.
03
How is this secured?
All of our seller financing deals are secured with a deed of trust, as well as a promissory note which is recorded with the county as well by insured with the title and escrow company. And if we ever default, we forfeit the property and there is no foreclosure process.
​
All payments are serviced through Weststar so all you have to do is sit back and wait for the check to automatically come in. You will also be notified every month when the payment hits.
04
How much will I make? And what if I don't want to do a 30 year term?
How much you make depends on the purchase price, but our average client will make over $100,000-$200,000+ just in interest over the term. If you choose to balloon payment in 10-15 years then that would effect the interest made but it's still a great way to make your money work for you while you enjoy a monthly principle and interest pay check for wherever is the next home.
​
If you want to get a ballon payment we can structure that into the contract with no problem. We have people who want to cash out in 10-15 years anyway so if you're looking to make some interest, or mitigate capital gains this is a great option.
Benefits
Exceptional Quality