Can anyone talk to me about selling with owner financing?

[Chris H.]

If I own a house that I owe an existing mortgage on, can I turn around and sell it owner financed?

For example with some made up numbers, let's say I owned a 100k house, and I owed 60k on it at 3.5%. Could I turn around and sell it at 100k, at 8% interest, owner financed, with a 10k down payment?

What kinds of pitfalls would I need to worry about in such a scenario? And what would the process be? I assume I would start with a real estate lawyer to draft it.

Thanks much! I'm trying to decide between this or lease-to-own options, but I want to make sure this is even feasible.