holding a mortgage

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I have had a house on the market for two years assuming traditional financing. Do you think the property would be more appealing if it is owner financed?

larry · Joined: 27 Jun 2007 Posts: 3328 473.51 Dollars($)

Hi jessecomp.

Welcome to the forum. Owner financing certainly attracts the buyers. They may not have good credit and cannot get approved for the amount of loan that is required. But if the buyer has the ability to pay the loan, then you can opt of the Owner Financing option to sell your house quickly. But there are some risks involved. So you should take help from a real estate agent also on this issue. Know about the pros and cons of Owner Financing at http://www.mortgagefit.com/owner-financing.html.

Hope it helps. Feel free to ask if you have any further questions.

Best of luck,
Larry

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