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Rainmaker
4,799,256
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Owner financing can be a good option, if precautions are taken and the contract is well thought out and reviewed by an attorney well vesred in owner financing transactions.  No problem with renting either, as far as I'm concerned, if the seller is ready to be a landlord and willing to risk the condition of their property.

Jan 20, 2015 08:11 AM
Rainmaker
1,078,561
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

I give them the straight answers for anything they are considering which will work to their best advantage. There are positives and negatives in every scenario which change with each owner.

Jan 19, 2015 11:05 PM
Rainmaker
3,776,093
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Owner financing can be tricky and risky and it's important that home owners understand that it involves. More than one, I've recommended to my clients that they should rent for a while instead of selling.

Jan 19, 2015 09:12 PM
Rainmaker
1,508,875
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Calabasas CA

I would explain pros and cons of each. Yet, in this economy I don't have buyers or sellers who are interested in owner financing.

Jan 19, 2015 04:04 PM
Ambassador
2,223,992
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

I would explain the pros and cons of owner financing. For the right seller, it can be a good thing, but it's not for everyone. I also discuss the pros and cons of renting, and one thing specifically I cover is that the listing is more difficult to show. 

Jan 19, 2015 01:42 PM
Rainmaker
1,124,123
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

In our area the sellers want a rent back for free. Last summer in SC the seller counter back wanting 6 months for free after they sensed the buyer was looking for a rental property.

Jan 19, 2015 01:22 PM
Ambassador
4,310,612
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Mason Nettles helped one seller with owner financing because the buyer was very well qualified - and wanted some break!

For renting - I have listed homes for sale and for rent at the same time. In few cases, they were rented and in few, sold.

What is important is to maintain the relationship.

Jan 19, 2015 11:07 AM
Ambassador
3,722,076
Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

Well, in DC renting is a no brainer, because the landlord tenant laws are outrageously anti-landlord.  And owner financing isn't really necessary these days because, unless the buyers are not qualified, there are amazing programs out there that lenders offer.

Jan 19, 2015 10:55 AM
Ambassador
2,048,506
Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living

I would ask them if they are prepared to evict or foreclose if necessary.  

Jan 19, 2015 10:22 AM
Rainmaker
369,089
Cindy Davis
SD Home Source Realty - San Diego, CA

I would do everything possible to dissuade them from owner financing. As for renting, if they deicde to rent for awhile, they certainly have that choice and I would leave them alone.

Jan 19, 2015 10:02 AM
Rainmaker
1,950,808
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

I would talk to them about the risks of owner financing and the positives of a delayed cash flow - then for renting I would remind them that they don't want to hold onto the property - they want to sell it. 

Jan 19, 2015 10:01 AM
Ambassador
5,086,830
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

I have been an investor for 30 years, I have plenty to say to them about both of these.

Sep 08, 2019 08:32 PM
Rainer
279,648
Dipti Thakkar
LAER Realty Partners - Andover, MA
On a team with Praful Thakkar

Never been asked.

May 30, 2018 10:11 PM
Rainmaker
629,901
Ajay Pandya
e-Merge Real Estate - Columbus, OH
Realtor Ajay Pandya

I do not say anything  - I check with the owner only.

Jan 19, 2018 11:27 PM