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How Owner Financing Will Work To Your Advantage When Selling a House in Knoxville

How Owner Financing Will Work To Your Advantage When Selling a House in Knoxville

Do you want to sell your house in Knoxville? Using a rent to own agreement or owner financing can help you find buyers faster and ensure you are getting a great price for your home. Learn more about some of the perks of using a rent to own agreement in our latest post! 

Providing owner financing to potential buyers is a great way to avoid a steep discount sale to we buy houses Knoxville or other cash home buyers near me. Not only can you sell your house  at or above  market, generating some additional cash flow isn’t bad either! Instead of working with a bank, you become the bank for your buyers. Not only will you collect the price of the house, but you may even be able to get more than your asking price when you find the right buyers! Learn about this and more of the great benefits owner financing can offer you in our latest post!

Sell Faster

When you use a rent to own agreement to sell your house in Knoxville, you will typically be able to find buyers like TN property liquidators much faster than if you put your house on the MLS. Houses can sit on the MLS for months at a time, sometimes without any interest or offers. The listing can expire, forcing you to start over or reduce your asking price… two things nobody wants to do. A rent to own agreement can attract more people and get your house in front of the right buyers. You will likely be able to generate interest much more quickly than just an ordinary listing. As long as you do not need the entire sale price for the house upfront, selling your house with owner financing makes sense for a lot of people.

Appeal To More Buyers

Your agreement will appeal to more people because more people will have the opportunity to buy your home. Unlike people who are ready to buy a house in Knoxville but are working to save up that 20% for a loan, We buy houses Knoxville pays cash for the full purchase price and closes in a few short days. People who are almost ready to buy a house in Knoxville usually have to payoff outstanding debts. People who are renting will fall in love with your house but instead of entering into an owner financed agreement, they may opt to simply rent your home because of other financial obligations. Opening your house to this whole new market of people will increase your chances of selling, faster and for the price you want. If you want to sell your house fast in Knoxville, don’t be afraid to consider a rent to own offer. At Tennessee Property Liquidators LLC, we can help to ensure you get a price and an agreement that will benefit you!

Get Your Asking Price

When you use owner financing to sell your house in Knoxville, in theory, you become the bank. Your buyers will pay you a down payment upfront and monthly payments throughout the duration of the agreement. If they don’t make the payments, you can take the home back, evict them, and try to sell another way. People buying in this manner are more likely going to pay the amount you are after when selling your Knoxville house. They will typically pay on time and will not cause you much trouble. Selling in this manner can be very beneficial to all parties involved. You will get the price you want for your house in Knoxville, and they will have the ability to buy the home they have always wanted. Tennessee Property Liquidators can help homeowners relieve the stress associated with selling even when owner financing is involved.

Create An Income Stream

Using owner financing makes you the bank in the deal. Not only will you be able to sell your house, but you will be able to collect higher than average rent payments for the duration of the agreement. Let’s say the going rate in your area is $1,200, you could charge $1,400. Keep in mind that with some agreements, a portion of the rent will go back toward the principal on the house. However, you will still be getting a rent payment each month. Your buyer isn’t going to want to be late or miss a payment as this could void the agreement altogether. They have much more on the line and will typically pay rent promptly while taking very good care of the home. After all, it will be theirs one day.

Using owner financing, a lease-option agreement or a lease-purchase agreement is a great way to sell your house in Knoxville. You will be able to sell your house fast, get the price you want, and create an almost guaranteed income stream for the next couple of years. If you are worried about selling your house, afraid it will take a long time or you will have to settle for a lower price, working with our team to use a rent to own agreement can be a great option for you! At Tennessee Property Liquidators LLC, we will make sure your agreement is properly prepared, while quickly finding qualified buyers for your house in Knoxville.

Do you want to learn more about how owner financing will work to your advantage when selling your Knoxville? Reach out to us today for answers to all of your selling questions! (865) 685-4985