Seller’s Checklist: Owner Financing vs. Cash Sale

1. Financial Needs

☐ Do I need the full sale amount immediately, or can I wait for monthly payments?
☐ Am I comfortable managing a steady income stream from buyer payments?

2. Risk Tolerance

☐ Am I willing to take on the risk of a buyer defaulting on payments?
☐ Do I have the patience to handle potential foreclosure processes if needed?

4. Market and Buyer Demand

☐ Is my home in an area where buyers struggle to secure traditional loans?
☐ Would offering financing attract more potential buyers?

3. Property Condition

☐ Is my home in good condition, or does it need significant repairs?
☐ Am I willing to sell “as-is” for a lower cash offer, or do I want to maximize value with financing?

5. Legal and Tax Considerations

☐ Am I aware of the tax implications of receiving a lump sum vs. payments over time?
☐ Do I need legal guidance to create a secure owner financing agreement?

6. Urgency and Long-Term Goals

☐ Do I need to sell quickly to move on from the property?
☐ Would I prefer an ongoing investment rather than a one-time payout?