Many sellers are only able to get offers right now for about 65 cents on the dollar. Most sellers do not have this kind of equity available to them and even more are not willing to accept such a discount on what a property is worth. With that in mind, here is a potential solution you can use if you are in this situation or come across the situation.

Owner financing is the name of the game. With owner financing, you can bring more potential buyers into the marketplace. There are many people who may not be able to qualify for a mortgage right now due to more stringent conditions. This could include people earning high incomes such as self-employed individuals who have been in business less than two years.

There are numerous benefits to using this method. If you have sizeable equity, this can be safer than the stock market. You will receive a guaranteed rate of return every month. You can potentially receive a better price on the property since you are offering a benefit few others in the marketplace will be offering. Most buyers who will take advantage of this offer are more worried about the payment that they will have to make than what the sale price will be. Closing costs will be significantly lower.

This does offer one main disadvantage: you do not receive the money right away. You will have to pay significantly more attention to the property potentially than if you sold the property and simply deposited the proceeds into your savings account.

In the end, you will want to have some qualifications people must meet. This would likely include a minimum income requirement potentially, a potential down payment, and a minimum credit score. This can help you get the right person in the house who you are certain will make the payments consistently every month. It is much easier to let someone in than to get them out if they stop making payments.