Why should I sell with seller financing?

Selling with seller financing can be a good option for several reasons:

  1. Attract more buyers: Offering seller financing can attract more potential buyers who may not qualify for traditional financing options, such as bank loans. This can increase the pool of potential buyers and help you sell your property more quickly.
  2. Potential for higher selling price: With seller financing, you have the potential to sell your property for a higher price than if you were only accepting cash offers. This is because buyers may be willing to pay more for the property if they can finance the purchase over time.
  3. Steady income stream: By offering seller financing, you can create a steady income stream from the monthly payments made by the buyer. This can provide a reliable source of income and potentially increase your return on investment.
  4. Tax benefits: Selling with seller financing can also provide tax benefits, such as the ability to defer capital gains taxes on the sale of the property. Consult with a tax professional for guidance on your specific situation.
  5. Easier sale: Offering seller financing can make the sale process easier for both parties. There may be fewer closing costs and less paperwork involved, which can simplify the transaction and make it more appealing for buyers.

However, it is important to carefully consider the risks associated with seller financing, such as default by the buyer, and to seek legal and financial advice to ensure that the transaction is fair and transparent for both parties.