Seller Financing Buyers

[Turner Wright]

Hello REI Community! I have a SFR I want to seller finance in the Houston area. Where can I find buyers who are interested in SF or will consider it without hiring an agent? Thanks in Advance!

[Wale Lawal]

@Turner Wright

In buyer qualification for seller-financing, anything goes. While buyers can most likely expect that the seller will ask to see a credit score or proof of employment, the process really is up to the seller.

Buyers will have the best chance of being approved by the seller if they are up front and willing to share as much information as possible.

Note: If you are the buyer, you should absolutely be evaluating the seller at this point too. Make sure the seller is someone you can work with over time, after all they’ll be your home lender!

Like I mentioned before, sellers might be more willing to hold a note for you if you’ve developed a good relationship with them — or if they just like the idea of you occupying their home.

Although it sounds strange, I’m fairly certain one of the main reasons we were able to get seller financing for our first home is because we showed the seller how excited we were to take care of the property.

Good luck!