With changes to the economy that we’ve seen in recent years, many homeowners are discovering that there are new ways to sell their home that weren’t available before. You no longer have to sell through an agent – you can sell on your own or you can even accept seller financing. If you’re wondering how to sell a house by owner financing in Georgia , keep reading this blog post and we’ll walk you step-by-step through the process…
Step 1. Find Out If You Own the Property Outright or Still Have a Mortgage
Before offering seller financing, the first thing you need to do is determine whether you still have an existing mortgage on the property. This is important because the rules around seller financing can vary by state. In some states, having an outstanding mortgage may limit or restrict your ability to offer seller financing—while in others, it’s allowed with proper disclosures or lender approval. Knowing your mortgage status upfront will help you understand your legal options and plan your next steps accordingly.
Step 2. Consult a Real Estate Attorney to Draft a Solid Agreement
When offering seller financing, you’re essentially taking on the role of a lender—collecting a down payment upfront and receiving monthly payments until the full purchase price is paid. Once the balance is paid in full, ownership of the property transfers to the buyer. Because this type of transaction involves legal and financial complexities, it’s crucial to work with a qualified real estate attorney. They can help you create a legally sound agreement that complies with all federal, state, and local laws while protecting your rights and interests as the seller.
Need a referral? Contact us, and we’ll be happy to connect you with a trusted real estate attorney.
Step 3. Market Your Property Both Online and Offline
With all your paperwork ready, it’s time to spread the word that your home is for sale. Make sure to prominently highlight that you’re offering seller financing, as this can attract a wider range of buyers who may not qualify for traditional mortgages. Use a mix of online platforms—such as real estate websites, social media, and classified ads—and offline methods like yard signs, flyers, and word-of-mouth. There’s no such thing as too much marketing—the more visibility your property gets, the better your chances of finding the right buyer quickly.
Step 4. Engage with Potential Buyers and Negotiate Terms
As your marketing efforts begin to generate interest, start engaging with prospective buyers by scheduling showings and providing tours of your home. Be prepared to answer questions and highlight key features that make your property stand out. When a buyer expresses serious interest and submits an offer, enter into negotiations to discuss the price, payment structure, and any other important terms. Aim to reach a mutually beneficial agreement that satisfies both parties. Once you’ve found common ground, finalize the deal by signing the necessary paperwork to move forward with the sale.
Step 5. Collect the down payment and hand over the keys
After agreeing on a purchase price and signing the necessary documents, it’s time to collect the down payment and hand over the keys to the buyer. In most cases, you will retain ownership of the home and receive regular payments until the full purchase price is paid. Once the final payment is made, ownership is officially transferred to the buyer.
Just a reminder—we buy houses in a wide range of cities, including Macon, Lizella, Warner Robins, Bonaire, Jeffersonville, Kathleen, Centerville, Byron, Fort Valley, Gray, Milledgeville, Forsyth, Juliette, Bolingbroke, Roberta, Perry, Dry Branch, Dublin, Thomaston, Hawkinsville, Eatonton, Sandersville, Eastman, Cochran, Sparta, Gordon, and Knoxville.
If you’re wondering how to sell a house by owner financing in Georgia , 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 (478) 739-3968 or by clicking here to fill out the form.
