Owner Financing
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Owner Financing
The fastest way to sell a property in Dallas / Fort Worth, where the property is owned free and clear, is through an Owner Financing sale.
An Owner Financing sale involves the seller creating a loan for the buyer to buy the property with. If the seller owns the property free and clear, the loan can be created with a simple note. If the seller already has a loan on the property, the loan payments can be assigned, using a mortgage payment assignment sale, or a new loan can be created using a wrap-around mortgage sale.
Owner Financing Sale Example
- – Current Appraised Property Value: $200,000
- – Existing loan(s) payoff: $0 – owned FREE AND CLEAR
- – Sales price: $210,000
- – New Loan: $10,000 down, $200,000 balance, Interest Rate: To Be Negotiated
In this example, the property is sold at a premium price by creating a loan that is made by the seller and given to the buyer. Because the property is sold with financing, it will generally sell FASTER and at a PREMIUM PRICE.
The exact terms, including the interest rate and monthly payment are negotiated with the buyer. In general, properties sold with financing will demand premium interest rates (2-6%) above what lending institutions offer (to those that can get loans). Most or all of the down payment will go towards fees and closing costs.

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