Selling a house can be a daunting task, especially when the market is unpredictable. Many homeowners put their houses up for sale, only to find out months later that, they have not received any reasonable offers. This is where “owner financing your Dallas house,” comes in.
Owner financing is a type of real estate transaction in which the seller acts as the lender, allowing the buyer to pay a down payment, and then make monthly payments to the seller over a period of time. In this blog post, we will discuss 5 things you need to know about selling your Dallas house with owner financing.
1. Owner Financing Can Help You Achieve Your Asking Price
One of the main benefits of selling your Dallas house with owner financing, is that it can help you achieve your asking price. When you sell your house through traditional methods, you are limited to the offers that buyers are willing to make. However, with owner financing, you have the ability to set your own terms and conditions. This means that you can ask for a higher price for your house and still attract buyers who are willing to make monthly payments.
We have used Owner Financing to sell many of our properties in Dallas and Fort Worth. You wouldn’t believe how many people, or home buyers are out there looking for a nice house they can purchase via owner finance. After twenty five years buying and selling houses in the DFW area, we count on owner financing for at lease half of our properties to sell. With the monthly income, we can from these sale/purchases, we are able to purchase other properties in DFW.
2. You Can Earn a Monthly Income
Another benefit of owner financing your Dallas house, is that you can earn a monthly income from the sale of your house. When you act as the lender, the buyer makes monthly payments to you with interest. This means that you can earn a steady income without having to do any additional work. This is especially beneficial for homeowners who are looking for a source of passive income.
With owner financing there is no need for an attorney or a real estate agent, unless of course you are unsure as to how the contracts work. Sellers providing owner financing to sell there home sometimes go to they’re local Library to research and study up on the process and legalities.
3. Owner Financing Can Help You Sell Your House Faster
Selling a house can take months, if not years. However, with owner financing a house in Dallas, you can sell your house faster. This is because owner financing makes it easier for buyers to qualify for a mortgage. Buyers who may not qualify for a traditional mortgage may still be able to purchase your house through owner financing. This means that you can attract a larger pool of buyers, which can help you sell your house faster.
Back in 2011, we turned to craigslist.com to help us find buyers for the properties we wanted to sell via owner financing. The turn out was HUGE and we have continues to work that program within our sales program ever since. Properties that we have sold with owner financing range from $200,000 to $500,000 properties and should you need to, you can go higher on your price.
4. Owner Financing Can Provide Tax Benefits
Owner financing a house in Dallas, can also provide tax benefits for homeowners. When you act as the lender, you can spread out the capital gains tax over the life of the loan. This means that you can avoid paying a large lump sum of capital gains tax when you sell your house. Additionally, you can also deduct the interest that you earn from the sale of your house from your income taxes.
On the scale we work with on owner financing properties we sell, we have had to hire an account who is familiar with the process of Capital Gains and taxes all together. We have been very lucky with what we do and how we work our business. We just keep riding the great wave.
5. Direct Sale to We Buy Houses Cash Dallas, Can Help You Sell Your House With Owner Financing
If you are interested in selling your Dallas house with owner financing, a direct sale to We Buy Houses Cash Dallas, can help. We Buy Houses Cash Dallas, is a reputable real estate investment company that specializes in buying houses directly from homeowners. When you sell your house to We Buy Houses Cash Dallas, you can receive a fair cash offer for your house.
Additionally, We Buy Houses Cash Dallas, can also help you sell your Dallas house through owner financing. This means that you can enjoy the benefits of owner financing without having to do any additional work.
Selling your Dallas house with owner financing, can be a smart move for homeowners who are looking to sell their house quickly and earn a steady income. With owner financing, you can set your own terms and conditions, attract a larger pool of buyers, and enjoy tax benefits. Additionally, a direct sale to We Buy Houses Cash Dallas, can help you sell your Dallas house with owner financing, providing you with a fair cash offer and expert assistance throughout the process. Click here to give us a call today to learn more about what we can offer you! (214) 723-1304.
In Summary
Selling your Dallas house via Owner Financing, is easy and you will be surprised as to how quick you can accomplish the sale of your house. No lawyers, no real estate agents, just place your add on craigslist and other social media out lets and see how fast and how many inquiries you receive. The feeling of comfortable success is there.
