The Owner Financing Concept and Its Benefits to the Buyers and Sellers

There are many strategies to buy and sell homes and the Owner Financing is one of them. This strategy do not need any sales agents so if you will ask any sales agent about this strategy then he may not tell you the details of it because there will be no profit for the sales agent. This strategy cuts the profit of the sales agent because using this strategy, the buyers deal directly with the sellers and there will be no commission for the agents.Popularity of the Owner financing conceptThis concept is a very useful concept of the real estate market and can work in all types of big and small real estate transactions such as the sale of a home or a building. This concept is very useful but not much famous because only few buyers and sellers are aware of this concept. The percentage of homeowners selling their homes using this concept is not more than 20%. This figure shows the popularity of this concept in the real estate market. Not only the buyers and sellers but some real estate professionals and agents are also unaware of this concept.Today this concept is not used by everyone because only few know about it but in future it will be used by everyone its popularity is raising. In these types of contracts, the buyers do not depend on the banks or financial institutions for the finance. Who is authorized to receive the monthly payments from the buyer if the banks or financial institutions do not hold the finance? The answer is simple. The seller himself is authorized to receive the monthly payments from the buyer because the seller himself is responsible to hold the finance.Benefits to the buyers and sellersThere will be no reason for the buyers to go to third parties for finance if the seller himself is ready to finance the purchase. This process is best for the buyers and not only for the buyers but this process is useful for the sellers also. If a homeowner agrees to sell his home via owner financing then there will be too many interested buyers ready to deal with the homeowner as soon as this news reaches the real estate market. Everyday the homeowner will get calls from the interested buyers and he will have full freedom to select the best buyer among all the calls he has received.