We Buy Houses In Georgia. With changes to the economy that we’ve seen in recent years, many homeowners are discovering that there are new ways to sell their home that weren’t available before. You no longer have to sell through an agent – you can sell on your own or you can even accept seller financing. We are homebuyers in GA and if you’re wondering how to sell a house by owner financing in Georgia, keep reading this blog post and we’ll walk you step-by-step through the process…
How To Sell A House By Owner Financing In Georgia – The Step-By-Step Guide
Step 1. Determine whether you own the house outright or still have a mortgage in Georgia.
In some states, if you have a mortgage you may not be able to offer owner financing (but you can in other states). So the first step is to determine whether you have a mortgage or not.
Step 2. Talk to a real estate attorney in GA for help in crafting an agreement.
With seller financing, you are essentially acting like a bank. The buyer will pay you a down payment and then pay you regular monthly payments until the house is paid off, and then it becomes their house. So make sure 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.)
Step 3. Market your house in Georgia online and offline.
Once your paperwork is in place, you are ready to advertise that you have a home 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.
Step 4. Work with GA potential buyers.
As your marketing captures the attention of potential buyers, work with them to show them through your house. When someone makes an offer on your house, 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.
Step 5. Collect the down payment and hand over the keys of your GA home.
Once you agree on a price and have signed the papers, collect the down payment and hand over the keys. In most situations, you will continue to own the house and collect payments until the house is paid off, then ownership transfers to the buyer.
Sell My House In Georgia
If you’re wondering how to sell your house in Georgia by owner financing , we can help. We are GA home buyers and we offer cash for houses in Georgia. We might be able to offer you some advice or even work out an owner financing arrangement where we purchase your home from you.