Sell My House Owner Financing In Philadelphia, PA -Tristate Holdings 167

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Sell My House Owner Financing In Philadelphia, PA -Tristate Holdings 167

Do you own a house and are thinking about selling? 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 Philadelphia, PA” then you’re making a smart move that will give you access to many more buyers! Keep reading to find out how…

Introduction to “Sell My House Owner Financing In Philadelphia, PA -Tristate Holdings 167”

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 buy a house that they will live in. In some markets, there are a lot of these kind of buyers but in other markets there aren’t as many. And real estate agents typically work with these 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 house to find another buyer).

If you want to increase the likelihood that you’ll sell your house, and expand the range of possible buyers who can buy, here’s a little-known strategy you might not be aware of: sell your house 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

  • 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 they buyer will need to pay regular payments to you (just as they would need to pay regular mortgage payments to the bank).
  • It protects you because even if the buyer stops paying, you still own the house!
  • 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…

Wondering, “how do I sell my house owner financing in Philadelphia, PA”? Start by deciding how much you’d like to get each month for your house.

There are many different ways to sell your house 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.

Sell My House Owner Financing In Philadelphia, PA -Tristate Holdings 167

Selling your house with owner financing in Philadelphia, PA, involves providing financing directly to the buyer instead of relying on a traditional mortgage lender. Here are the steps you can take to sell your house with owner financing:

  1. Determine the Terms:

    • Decide on the financing terms, including the purchase price, down payment, interest rate, and repayment schedule. These terms will be outlined in a promissory note and a mortgage or deed of trust.
  2. Legal Assistance:

    • Consult with a real estate attorney experienced in owner financing. They can help draft the necessary legal documents to protect your interests and ensure compliance with local laws.
  3. Property Valuation:

    • Determine the fair market value of your property. This can be done through a professional appraisal or a comparative market analysis.
  4. Marketing the Property:

    • Advertise the property, making it clear that owner financing is available. Highlight the benefits of this financing option to attract potential buyers.
  5. Prequalify Buyers:

    • Prequalify potential buyers to assess their financial stability and ability to make regular payments. Request financial documentation, such as proof of income and credit history.
  6. Negotiate and Draft Agreements:

    • Negotiate the terms with the buyer and draft a purchase agreement outlining the specifics of the sale, financing terms, and any conditions.
  7. Create Financing Documents:

    • Work with your real estate attorney to create the necessary financing documents, including the promissory note, mortgage, or deed of trust.
  8. Close the Sale:

    • Conduct the closing with the assistance of a title company or closing attorney. Ensure that all required documents are signed and recorded.
  9. Receive Down Payment:

    • Collect the agreed-upon down payment from the buyer at the closing. This serves as their initial investment in the property.
  10. Monthly Payments:

    • Begin receiving monthly payments from the buyer according to the agreed-upon terms. Keep accurate records of payments received.
  11. Handle Defaults or Issues:

    • Have a plan in place for handling any defaults or issues with payments. This may involve late fees, negotiations, or, in extreme cases, foreclosure.

It’s crucial to work closely with legal professionals throughout the process to ensure compliance with state and local laws. Owner financing can be a complex arrangement, and having clear, legally sound agreements is essential to protect both the seller and the buyer.

Keep in mind that owner financing may attract buyers who may not qualify for traditional financing, expanding your pool of potential buyers. However, it also involves risks, so careful consideration and professional guidance are essential.

Sell My House Owner Financing In Philadelphia, PA -Tristate Holdings 167

Here’s a sample illustration of how owner financing might work using hypothetical figures:

Let’s say you want to sell your house for $200,000 with owner financing under the following terms:

  1. Down Payment:

    • You require a 10% down payment.
    • Down Payment: $20,000
  2. Interest Rate:

    • You agree on an interest rate of 5%.
    • Loan Term: 30 years (360 months)
  3. Monthly Payments:

    • Monthly Principal and Interest Payment (using an amortization calculator): Approximately $1,073.64
  4. Total Interest Paid by the Buyer:

    • Over 30 years, the buyer would pay approximately $73,711.94 in interest.
  5. Total Sale Price Over 30 Years:

    • The total amount the buyer would pay over the 30-year term is approximately $273,711.94 ($200,000 principal + $73,711.94 interest).

Please note that these are simplified calculations, and actual terms and amounts can vary based on negotiations and legal requirements. It’s crucial to work with professionals, including a real estate attorney, to ensure all legal aspects are appropriately addressed in the owner financing arrangement.

If you have specific questions about a property listed by Tristate Holdings 167 or if you need detailed information about owner financing for a particular property, I recommend reaching out directly to the real estate agency or professionals involved in that transaction.

Sell My House Owner Financing In Philadelphia, PA -Tristate Holdings 167

We Buy Houses In Philadelphia Pennsylvania All Situations

There are many different reasons that Philadelphia homeowners are looking to sell their homes for cash. Whether you just don’t want to deal with repairing it or you’ve decided that it’s time to sell and move to a different house, we’ve got you covered. Don’t waste your time cleaning or repairing or trying to start to take on tenants. As investors, we’ll buy your house fast, no questions asked.

We Buy Houses For Cash Philadelphia PA

When you opt to sell your Philadelphia home fast for cash to a “we buy houses” company, it comes along with some great benefits.

One of the worst parts about selling to traditional home buyers is that they will have an inspection done on your house and expect you to foot the repair bill. When you sell to us, you’ll never have to repair anything because we’ll buy your Philadelphia property in its current condition.

Real estate agent fees can be expensive and cut into your proceeds. Fortunately, when we buy your house fast for cash, we don’t require you to have a real estate agent to sell because we are the buyers. Convenience is our specialty.

No one likes paying fees to sell their Philadelphia house fast. We don’t charge fees if you sell your house to us.

Areas We Buy Houses In Philadelphia

Tristate Holdings 167 Inc. has been helping people sell houses fast all over Philadelphia Pennsylvania.

We buy houses all over Philadelphia and surrounding areas. Our goal is to simplify the selling process of your home by offering you a fair price based on the home’s as-is condition and current market rates for your area.

If you think we could help you, don’t hesitate to give us a call and see if you want to sell your Philadelphia house for a suitable cash offer.

Contact us today! 🤙1-(888) 788-7478.


• Allentown
• Harrisburg
• Philadelphia
• Scranton

• Pennsylvania


• Bethlehem
• Honesdale
• Pocono Lake
• Stroudsburg
• Wilkes-Barre


• Easton
• Mount Pocono
• Pocono
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Sell Your House Philadelphia PA FAQs

When most people think about selling a home Philadelphia, they think about going through the traditional sales process that requires a real estate agent and constant showings. When you sell to a cash home buyer like us, that’s not the case at all. We get a lot of questions in our line of work, which is why we’re going to share with you some of these questions and their answers below to give you a better idea of how our cash sales process works.

Easiest Way to Sell Your House Philadelphia PA

We’ll provide you with an all-cash offer on your house if it meets our buying criteria so that you can transition to the next chapter of your life. 

Tristate Holdings 167 is a team of Cash Home Buyers. We Buy Pennsylvania Houses in the following surrounding areas of Allentown, Pennsylvania (Macungie, Bushkill, Nazareth, Saucon, Milford, South Whitehall, North Whitehall, Emmaus, Hellertown, Easton, Hanover, Northampton, Bethlehem, Lehighton, Fullerton, Pottstown, Lansdale, Reading, East Stroudsburg, Phoenixville, Norristown, Horsham), and other areas of Pennsylvania.

Whether you are trying to avoid foreclosure, inherited a property you do not want, dealing with a divorce, or are fed up being a landlord dealing with tenants, we can help. If you need to Sell Your Pennsylvania House Fast, we offer Cash For Homes in Pennsylvania!

And here’s an even faster way to sell your house owner financing in Philadelphia, PA – you can sell your house to us. We sometimes work out owner financing deals with sellers like you. Just click this link now and fill out the form or call us today at 1-(888) 788-7478.

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