Do you own a house and are thinking about selling? We buy houses in Columbia, South Carolina and selling the traditional way (through an agent) will give you access to some buyers. However, if you’re asking, “how do I sell my house owner financing in Columbia, SC” then you’re making a smart move that will give you access to many more buyers! We are professional homebuyers in Columbia, South Carolina and keep reading to find out how…
When a homeowner sells their home the traditional way (through an agent), the buyers are typically regular buyers who are trying to get a mortgage to buy a house that they will live in. In some markets, there is a lot of this kind of buyers but in other markets, there aren’t as many. And real estate agents typically work with this kind of “pre-qualified” buyers who can get a mortgage through a bank.
However, this method of selling is not without its problems. For example, sometimes you have to wait to see if a buyer can even get financing (and sometimes the financing falls through so you’re forced to keep showing your house to find another buyer).
If you want to increase the likelihood that you’ll sell your home, and expand the range of possible buyers who can buy, here’s a little-known strategy you might not be aware of: sell your home with owner financing.
Owner financing is when a buyer skips the bank and buys directly from you. In essence, you’re the bank! Just like a bank, you get an up-front deposit and then you get regular payments that pay off the amount owing. In most cases, you hold the title until the house is fully paid off, and then the title transfers to the buyer.
Benefits of selling with owner financing
- It opens up the number of buyers because now you’ll be able to find buyers who might not normally be able to get bank financing.
- It gives you cash flow since the buyer will need to pay regular payments to you (just as they would need to pay regular mortgage payments to the bank).
- It protects you because even if the buyer stops paying, you still own the house!
- And unlike owning a rental, there isn’t a lot of property management since that will be the responsibility of the buyer.
We’re ethical & local cash home buyers in Columbia, SC
Selling a house can be a financial and emotional struggle. We understand. We’re a partner you can trust when you need to sell your home fast. Jainsons Properties is committed to homebuying excellence and stands ready to serve, no matter your circumstance. You can rely on our team of fully licensed professionals, who will not only save you time and money, but also guide you through the entire process, ensuring a quick and easy sale. Plus, we’ll get you the most cash for your house.
We buy houses anywhere in Columbia, so if you’re looking for honest cash home buyers in Columbia who can help you sell your home as fast as possible, we’d love to talk with you!
Call Jainsons Properties today at (737) 300-5525 or Just click this link now and fill out the form.