Why can owner financing be better than using a Realtor?

Owner financing and using a realtor are two different things, and each has its own advantages and disadvantages. Here are a few reasons why owner financing may be a better option than using a realtor:

1.More flexible terms: With owner financing, the buyer and seller can negotiate the terms of the loan directly, which can provide more flexibility than working with a realtor. This can include the interest rate, payment schedule, and repayment period.

2.Faster closing: With traditional real estate transactions, the process can be lengthy, requiring appraisals, inspections, and other steps. With owner financing, the closing process can be faster and more streamlined, allowing the buyer to move in more quickly.

3.Lower closing costs: When buying a property through a realtor, there are typically additional closing costs, such as real estate agent commissions, appraisal fees, title fees, and other charges. With owner financing, the closing costs may be lower, which can be beneficial for buyers who are on a tight budget.

4.More negotiating power: When working with a realtor, the real estate agent may have more negotiating power than the buyer. With owner financing, the buyer and seller can negotiate directly, providing the buyer with more negotiating power.

However, it's important to note that using a realtor can have its own advantages, such as access to a wider range of properties, expert advice on the local real estate market, and guidance through the buying process. Ultimately, whether to use owner financing or a realtor depends on the individual situation and preferences of the buyer and seller.