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How To Sell A House By Owner Financing In TX – The 5 Step Guide

selling red house by owner financing in Houston

Technology has come along way and no longer do you need to sell your home the traditional way by using a realtor.

You have some great options to consider including selling directly to an investor or selling through owner financing.

If you’re not sure and you want to know how to sell a house by owner financing in TX Keep reading this article to learn the easy 5 step guide to owner finance.

1. Find out if you own the property outright

In some state, you are not able to do owner financing if you havent paid your morgage in full.

Before going any further you need to contact your lender and find out if you own the home free and clear.

2. Contact a real estate attorney for help in creating an agreement

With seller financing, you are basically acting like a bank and you need to know what you are doing.

The process of seller financing is similar to traditional banking. The buyer will make a downpayment then pay the remainder of the loan in monthly installments.

Once the mortgage is paid in full, the buyer assumes ownership of the home.

So make sure you contact a real estate attorney to ensure that you are protecting yourself and obeying all federal, local, and state laws, (If you need the name of a good real estate attorney, get in touch with us and we can make an introduction.)

3. Market your house online and offline

Once you have your agreement written up by your attorney, you are ready to advertise that you have a house for sale.

Be sure to let people know that you offer seller financing. There is no limit to how much marketing you should do – the more you can do, increases the chances of you getting a great buyer.

4. Work with potential buyers

As your marketing captures the attention of potential buyers, you will need to schedule and do showings of your home.

If you need some tips on how to sell your home in Houston read this article.

When someone makes an offer on your house, negotiate the price and terms with them, and find the middle ground that will ensure a win/win situation.

Sign the papers when you and the buyer reach an agreement.

5. Collect the down payment and give the buyer the keys

Once you agree on a price and have signed the papers, collect the down payment, and give the keys to the buyer.

In most situations, you will continue to own the house and collect payments until the house is paid off, then ownership transfers to the buyer.


If you are wondering how to sell your home through owner financing and you are not sure what to do. This article details the 5 steps you need to know to get your home sold.


If you’re wondering how to sell a house by owner financing in TX , we can help. We might be able to offer you some advice or even work out an owner financing arrangement where we buy your house from you. Talk to our team at 832-535-2034 or by clicking here to fill out the form.

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