Selling a house is no longer as easy as it once was. Buyers are not as eager to gobble up new homes, lenders are not that quick to shell out money, people are no longer as liquid as they used to be and this can be very frustrating for the seller. If, for one reason or another, you need to dispose of your property and can no longer wait you can toy around with creative financing schemes.

Creative financing is when you get to sell your property to someone else on what can be considered as "rather unusual terms". What does "rather unusual terms" mean? Simply put, it’s receiving something in lieu of cash. Not that you should accept trinkets and antiques for your home, but something substantial. You can, for example, if the potential buyer has a parcel of land somewhere else, you may accept the title of this land as partial payment, and the rest may be paid in cash.

If the buyer is having problems giving you a down payment, you can accept payment by credit card. You may also refer the buyer to reputable alternate lenders. There are establishments wherein you can secure a loan quickly but, you would have to pay higher interest rates.

Though this is not (yet) a widely accepted practice, some people do revert to creative financing schemes to help them get by. To know more about other creative and legal ways by which the buyer can secure your property, have him consult real estate agents or real estate lawyers.

You have to be secure in the creative way of paying you off. If you feel uncomfortable about this, it’s better to leave it alone and wait for someone to purchase your home the more traditional way.

Only Need One Form? Purchase forms
separately for only $4.99 each