We Buy Houses in Arkansas. Because of the rapid growth of economy as the year past. Many home buyers in Arkansas are discovering that there are new ways to sell their home in AR that weren’t available before. You no longer have to sell through an agent – you can sell on your own. You can accept seller financing or sell directly to us, we buy properties and we can help you.
Owner financing is also called seller financing a strategy use to attract more property buyer. The seller doesn’t pass any money to the buyer as a mortgage lender would. Instead, the seller extends enough credit to the buyer to cover the purchase price of the home, less any down payment, and then the buyer makes regular payments until the amount is paid in full.
If you’re wondering how to sell a house by owner financing in Arkansas, keep reading this blog post and we’ll walk you step-by-step through the process…
Steps in Selling a House By Owner Financing In Arkansas
1. Determine whether you own the home outright or still have a mortgage In Arkansas
Before you offer an owner financing, you should determine whether you have a mortgage or not. Because different states has a different owner financing policy.
2. Talk to a real estate attorney for help in crafting an agreement In Arkansas
In owner financing, seller plays an important role being the lender. The seller will extends enough credit to the buyer for the purchase price of the home, minus any down payment. So make sure that you talk to a real estate attorney to ensure that you are protected and obeying all federal, local, and state laws while also protecting yourself! (If you need the name of a good real estate attorney, get in touch with us and we can make an introduction.)
3. Market your home online and offline In Arkansas
If you already have an agreement, you are now ready to market your property for sale. Be sure to let people know that you offer seller financing. There is no limit to how much marketing you should do – the more you can do, the better. Check out our latest post about selling your house using online for free in Arkansas.
4. Work with potential Arkansas home buyers
As your marketing captures the attention of potential buyers, work with them to show them through your home. When someone makes an offer on your property, negotiate the price and terms with them and find the middle ground that will ensure a win/win situation. Sign the papers when you and the buyer reach an agreement.
5. Collect the down payment and hand over the keys
After you reach the price and terms agreement and have signed the papers, it is the time to collect the down payment and hand over the keys. In most situations, you will continue to own the property and collect payments until the home is paid off, then ownership transfers to the buyer.
Sell your house in Arkansas
We are a legitimate house buying company that has purchased many houses in Arkansas, hassle-free. This means that when you sell your house in AR area to us, there is virtually no cost to you. No repair cost, no holding costs, no closing costs, and no agent fees. We offer cash for houses in Arkansas and we can close on your schedule.