If you are selling a property and open to the idea of carrying the note, you may call me to share your thoughts and perhaps seek a little guidance on terms. So our conversation may focus on numbers – down payment, interest rate, etc. – and how you can maximize a safe transaction and minimize the possibility of default.
Let me point out something that may seem a little altruistic but could be vital in any potential owner carry. What does any homeowner want from a new neighbor? He wants someone like himself. He wants someone who will be friendly, show pride in his property, and care about all his neighbors’ well being. He wants someone who will become rooted and committed. He wants someone who will be invested.
When you sell a nice home and carry the note, you have an opportunity to be a good neighbor by presenting to the neighborhood a new Good Neighbor. The neighbors should be pleased to know that you have vetted your buyer and found someone who feels just as strongly as they do about where they live.
When you find this kind of buyer you are providing a service by making neighborhoods stronger.
