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		<title>Using Owner Financing to Turn the Tide on a House that&#8217;s not Selling</title>
		<link>http://www.financiallyfreelandlord.com/using-owner-financing-to-turn-the-tide-on-a-house-thats-not-selling/</link>
		<comments>http://www.financiallyfreelandlord.com/using-owner-financing-to-turn-the-tide-on-a-house-thats-not-selling/#comments</comments>
		<pubDate>Fri, 23 Oct 2009 15:00:32 +0000</pubDate>
		<dc:creator>Scott Nachatilo</dc:creator>
				<category><![CDATA[Blog Categories]]></category>
		<category><![CDATA[Financing]]></category>
		<category><![CDATA[lease option]]></category>
		<category><![CDATA[owner financing]]></category>
		<category><![CDATA[real estate investing]]></category>

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Question:&#160; &#34;I am trying to sell three houses for cash.&#160; But I&#8217;m also looking into selling it on owner financing or put it on a lease option.&#160; I know that if I lower the cash price, I would be able to get rid of the property but I&#8217;ll just end up breaking even. [...]]]></description>
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<p class="MsoNormal" style=""><span style="font-family: Arial;">Question:&nbsp; &quot;I am trying to sell three houses for cash.&nbsp; But I&#8217;m also looking into selling it on owner financing or put it on a lease option.&nbsp; I know that if I lower the cash price, I would be able to get rid of the property but I&#8217;ll just end up breaking even. Can you help me with that?&quot;<o:p></o:p></span></p>
<p>&nbsp;  <span style="font-family: Arial;"><o:p></o:p></span></p>
<p>&nbsp;</p>
<p class="MsoNormal"><span style="font-family: Arial;">Answer:<span style="">&nbsp; &quot;</span>Make sure is that you  make the owner finance offer to your buyers.&nbsp; Don&#8217;t make them tell you what their owner finance offer is. You should be the one to lead.&nbsp; You can actually raise your sales price a little.&nbsp; </span></p>
<p class="MsoNormal">&nbsp;</p>
<p class="MsoNormal"><span style="font-family: Arial;">Remember -&nbsp; you should be the one to put the owner finance offer together.&nbsp;  </span></p>
<p class="MsoNormal">&nbsp;</p>
<p class="MsoNormal"><span style="font-family: Arial;">Figure out a great way to advertise your offer, like getting some good pictures on an advertisement on craiglist.com. </span></p>
<p class="MsoNormal">&nbsp;</p>
<p class="MsoNormal"><span style="font-family: Arial;">You should include in your owner financed offer the price and let them know that your terms are flexible so that you can get a lot of positive responses. </span></p>
<p class="MsoNormal">&nbsp;</p>
<p class="MsoNormal"><span style="font-family: Arial;">Specifically, I encourage you to get at least 3% down payment for the lease of option to buy.&nbsp; But if you are looking into contract of deed, you should at lest ask 10% down.&quot;&nbsp; <o:p></o:p></span></p>
<p>&nbsp;</p>
<div id="crp_related"><h3>Related Posts:</h3><ul><li><a href="http://www.financiallyfreelandlord.com/owner-financed-deal-with-a-lump-sum-payment-from-buyer/" rel="bookmark" class="crp_title">Owner Financed Deal with a Lump-Sum Payment from Buyer</a></li><li><a href="http://www.financiallyfreelandlord.com/how-to-approach-private-lenders/" rel="bookmark" class="crp_title">How to Approach Private Lenders</a></li><li><a href="http://www.financiallyfreelandlord.com/part-1-three-keys-to-every-profitable-no-money-down-deal/" rel="bookmark" class="crp_title">Part 1:  Three Keys to Every Profitable No Money Down Deal</a></li><li><a href="http://www.financiallyfreelandlord.com/how-to-create-motivation-in-the-seller-of-bank-owned-reo-properties/" rel="bookmark" class="crp_title">How to Create Motivation in the Seller of Bank Owned (REO) Properties</a></li><li><a href="http://www.financiallyfreelandlord.com/making-an-offer-on-a-bank-owned-reo-4-plex/" rel="bookmark" class="crp_title">Making an offer on a Bank owned (REO) 4-Plex</a></li><li>Powered by <a href="http://ajaydsouza.com/wordpress/plugins/contextual-related-posts/">Contextual Related Posts</a></li></ul></div><script type="text/javascript" class="owbutton" src="http://onlywire.com/btn/button_3793" title="Using Owner Financing to Turn the Tide on a House that's not Selling" url="http://www.financiallyfreelandlord.com/using-owner-financing-to-turn-the-tide-on-a-house-thats-not-selling/"></script>]]></content:encoded>
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