Selling A House By Owner Financing In Florida: Step-By-Step Guide

In recent years many homeowners have discovered new and inventive ways to sell their homes that weren’t available before. Due to economic changes, people no longer have to work through an agent to sell their Florida property. There are alternative options available, including listing the house on your own or accepting seller financing.

Check Out Our Step-By-Step Guide Below.

If you find yourself wondering how you should sell a Florida house with owner financing in Florida, then keep reading. In this short blog post, we’ll walk you step-by-step through the process.

Step 1
Do you own the house outright? Or, do you have a mortgage?

The first step is simple. Just answer the question above.

In some states, you may not be eligible for owner financing if you have a mortgage. So before we get started, you must first determine whether you have a mortgage or not.

Step 2
Get in touch with a real estate attorney. You’ll need their help to craft an agreement. 

Selling financing essentially allows you to act as a bank. It can get complicated, so make sure you talk to a real estate attorney beforehand. With seller financing, the buyer will make a down payment on the property directly to you and then continue making monthly payments until the house is paid off. That’s why you must contact a real estate attorney to ensure that you are protected and not violating any federal, local, or state laws.

If you need the name of a reliable real estate attorney, get in touch with us, and we can introduce you to a trusted firm.

Step 3
Market your house online and offline.

The more you advertise the better. Good marketing has no limit. Once you’ve got the paperwork in place, you’re ready to get your property on the market. Don’t hold back! Be sure to let people know that you offer seller financing.

Step 4
Work with potential buyers.

As your marketing plan captures the attention of buyers, don’t let them lose interest. It’s crucial that you work actively with potential buyers. Show off your house. Walk them through the property while answering any of their questions. When someone makes you an offer, negotiate on the price and terms. Try to find a fair middle ground that will ensure a win-win situation. Once you reach an agreement with the buyer, you can sign the papers.

Step 5
Collect the down payment. Hand over the keys.

Now for the final step. After you’ve settled on a price and signed the papers, all you have to do next is collect the down payment and hand over the keys.

In most situations, you will continue receiving monthly payments and be considered the ‘owner’ until the house is paid off.

Call our office at (305) 916-3328. A member of our team would love to speak with you.
Or, click here to fill out our short form. We’ll get back to you as soon as possible with a fast, fair ALL-CASH offer on your home.

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David Veras

David Veras was born in Hialeah, Florida and has been involved in Real Estate since February 2019.

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