Why would I sell you a home Subject-To or Seller Finance?

SUBJECT-TO

When a seller agrees to a subject-to deal, they allow you to take over their mortgage payments while keeping the loan in their name. Though it may seem unusual, it makes sense when you consider the challenges many sellers face:

1. Foreclosure: Sellers facing foreclosure need a quick solution to save their credit and avoid losing their home.

2. Expired Listings: Sellers with expired listings are often frustrated and open to creative solutions. With around 15,000 listings expiring daily, these sellers find themselves in difficult situations.

3. Low Equity: Some sellers have little to no equity, often due to recent purchases. After factoring in closing costs, they realize they can't sell traditionally without losing money.

4. Bankruptcy: Financial struggles lead some sellers to seek alternatives that allow them to move on without financial ruin.

5. Job Loss or Relocation: Life changes such as job loss or the need to relocate quickly can make subject-to deals very attractive.

6. Divorce: During a divorce, quickly and easily splitting assets is often necessary.

7. Tired Landlords: Some landlords are exhausted from dealing with non-paying tenants or the hassle of managing a property and simply want out.

8. Need for Speed and Convenience: Some sellers need to move fast and prefer a hassle-free transaction without the delays of traditional sales.

These sellers are often driven by pain and need an immediate solution, making subject-to deals a win-win.

SELLER FINANCING

Why Sell with Seller Financing?

Seller financing offers unique advantages for sellers seeking specific financial benefits rather than immediate relief from a problem. Here are some reasons sellers might choose this option:

1. Get Their Desired Price: Sellers can often secure a higher price for their property by providing favorable terms to the buyer.

2. Tax Benefits: Seller financing can help sellers avoid large capital gains taxes that come with a traditional sale.

3. Steady Income: Sellers receive regular interest payments, creating a steady income stream without the hassle of property management.

4. Avoid Real Estate Agent Fees: By selling directly to a buyer, sellers avoid paying hefty agent commissions.

5. No Need for Appraisals or Inspections: Seller financing often bypasses traditional hurdles like appraisals and inspections, making the sale process smoother.

6. Attract More Buyers: Offering seller financing can attract a wider range of buyers, including those who might not qualify for traditional financing.

7. Retirement Income: For some sellers, especially those retiring, seller financing provides a reliable source of income to support their lifestyle.

Understanding why a seller would agree to a subject-to or seller finance deal is crucial. Subject-to deals typically focus on alleviating pain and offering a quick, convenient solution. On the other hand, seller financing is about maximizing financial benefits and ensuring a steady income without the headaches of property management.

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