When it comes to financing a property, most transactions follow a familiar process. The seller finds a willing buyer with the income, work history, and credit score to qualify for a mortgage. A lender puts up the money to finance the transaction.
But what happens if traditional financing is not available and the buyer and seller want to go ahead with the sale individually? This is known as seller financing. As the term implies, the person who is selling the house finances the purchase. If you want to avoid the hassle, all this involves, I Will Buy House makes it simple for you.
The seller does not give any money to the buyer as a mortgage lender would with owner financing. Instead, the seller grants the buyer enough credit to cover the home’s purchase price, minus the down payment.
The buyer signs a loan note to the seller detailing the terms of the loan, which may include:
If you’re looking for the best solution, you are in the right place. With our quick and straightforward process, you won’t have to stress finding possible buyers to purchase your home. I Will Buy House makes it possible by following only three steps:
Step 1: You get in touch with us and provide the necessary information about your property to review it and make you an offer.
Step 2: We review the market and the condition of your home and present you with a written, no-fee, no-obligation, cash offer.
Step 3: You take your time to accept the offer and choose a closing date.
At I Will Buy House, we give you the best cash and seller financing offers.