Many people believe that a real estate broker is needed to sell their house. So they post it with a
broker who may or may not sell it and if they do charge exorbitant fees. One would think that that
commission would inspire to work harder for you. In some cases it does. In many others though, we have
heard of houses sitting on the market for over a year with the realtor only showing it once.
The next option that you have is to sell it yourself. But how? Is placing a sign on your front lawn
enough or do you have to spend thousands in advertising? There is actually a way to get the ads that you
place and the sign on your lawn to have your phone ringing off the hook with excited buyers.
That way is owner financing. With the economy what it is, many individuals' credit have dropped making it
more difficult to get a bank loan. Many of them are good people who were laid off for a while or have had
a sickness in the family. They are back on their feet and ready to buy a house but don't have a ton of
cash to put up front and the banks turn them down. This is where you come in. You are not just selling
them a house. You are their problem solver. Instead of paying payments to the banks, you can arrange it
so that you are the one who receives a monthly mortgage payment and the best part is you can demand top
dollar.
Need cash now? Create a note giving you the legal right to these payments then sell that note for a lump
sum to a note broker. A good note broker will even show you how to structure your note to receive top
dollar for it.

That's a very good post. Owner financing is actually a good way for getting top dollar if you're interested in monthly payments (as opposed to a lump sum). You have to be careful when selling the note and make sure you get more than your money's worth on it.

Houses that are sitting on the market for over a year are usually because they aren't priced right. A lot of home owner's think their house is worth more than what it really is. The reality is if it's not priced right it's not going to sell.

Also with holding the note yourself you run the risk of the people defaulting on the loan and having to foreclose on them.