Owner financing-What?s in it for you Georgia? | Wealth Building ...

Below are benefits of an owner finance house deal for both the buyer and the seller.

Benefits for the seller

Most of us want to pay as little tax as legally possible and getting a large sum of cash at closing requires us to pay a hefty tax bill either then or ultimately come tax time. Sellers can pay a much smaller amount of taxes by selling via owner finance or seller financing than if the seller went the usual all cash sale route. Let?s look below for some benefits:

Highest Price. A seller can most often receive the highest price when offering owner financing. Additionally it makes the house or property much easier to sell especially if the market is slow it will make this seller?s property stand out and thus garnering more traffic than if just traditional financing was offered. Often the seller can receive more than the fair market value of the property by offering these terms. People are always willing to pay more for easy qualify owner or seller type financing.

Seller Financing. Because owner financing or seller finance terms are offered the chance of a sale increases dramatically since more people will be able to get the financing and can legitimately pursue the house purchase. In addition the seller may be subject to capital gains tax. In the case of a sale of a property using owner financing it would decrease the sellers tax burden immensely and spread it out over time plus quite possibly provide a nice monthly income.

Fast Closing. You can close quickly as no bank financing is involved. Some financing can take months to get completed but in an owner finance sale you can usually close as soon as the title work is ready and inspections (if any) have been completed.

A seller can save the Broker fee or commission from selling via owner finance as well.

There are several and many significant benefits for the seller but there are benefits for the buyer as well. Please see below.

google_ad_channel = ?7940249670, ? + AB_cat_channel + AB_unit_channel;
google_language = ?en?;
google_ad_region = ?test?;

---

ownerfinance -
About the Author:

www.nocreditcheckproperties.com owner finance rent to own no credit check houses homes expert

Technorati Tags: Bank Financing, Broker Fee, Capital Gains Tax, Cat Channel, Fair Market Value, Finance House, Finance Terms, Google, House Purchase, Owner Finance, Owner Financing, Property Financing, Property Owner, Seller Finance, Seller Financing, Seller Type, Tax Burden, Tax Time, Time Sellers, Traffic

Source: http://www.fromthedeskofronkaiser.com/7923/owner-financing-whats-in-it-for-you-georgia/

gabriel iglesias tim mcgraw fedor emelianenko diners drive ins and dives caribbean airlines peyton manning hook