We Buy Houses In Essex Connecticut. Do you own a house and are thinking… “I want to sell my house in Essex fast”? We are local home buyers in Essex CT and we can help you. Selling the traditional way (through an agent) will give you access to some buyers. However, if you’re asking, “how do I sell my house owner financing in Essex CT” then you’re making a smart move that will give you access to many more buyers! Keep reading to find out how…
Sell My House Owner Financing In Essex CT
When a homeowner sells their home the traditional way (through an agent), the buyers are typically regular buyers who are trying to get a mortgage to purchase a house that they will live in. In some markets, there is a lot of this kind of buyers but in other markets, there aren’t as many. And real estate agents typically work with this kind of “pre-qualified” buyers who can get a mortgage through a bank.
However, this method of selling is not without its problems. For example, sometimes you have to wait to see if a buyer can even get financing (and sometimes the financing falls through so you’re forced to keep showing your home to find another buyer).
If you want to increase the likelihood that you’ll sell your house in Essex CT, and expand the range of possible buyers who can purchase, here’s a little-known strategy you might not be aware of: sell your home with owner financing.
Owner financing is when a buyer skips the bank and buys directly from you. In essence, you’re the bank! Just like a bank, you get an up-front deposit and then you get regular payments that pay off the amount owing. In most cases, you hold the title until the house is fully paid off, and then the title transfers to the buyer.
Benefits Of Selling With Owner Financing In Connecticut
- It opens up the number of buyers because now you’ll be able to find buyers who might not normally be able to get bank financing.
- It gives you cash flow since the buyer will need to pay regular payments to you (just as they would need to pay regular home mortgage payments to the bank).
- It protects you because even if the buyer stops paying, you still own the property!
- And unlike owning a rental, there isn’t a lot of property management since that will be the responsibility of the buyer.
What’s Next In Connecticut…
Wondering, “Can I Do Owner Financing If I Have A Mortgage On The Property?” or simply “How do I sell my house owner financing in Essex CT”? Well, you can start by deciding how much you’d like to get each month for your property.
There are many different ways to sell your home and in this blog post, we shared with you how to sell with owner financing. Selling with owner financing isn’t for everyone but if you want more exposure to buyers, plus some cash flow, plus plenty of protection, then selling with owner financing might be right for you.
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Cash For Houses In Essex CT
We Buy Houses In Connecticut is a legitimate Essex CT home buyer that has purchased many homes, hassle-free. This means that when you sell your house in CT 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 homes in Essex and we can close on your schedule. Give us a shot and see how much we can offer for your property in CT.