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We Buy Seller Financing Properties in Florida

We Buy Seller Financing Properties in Florida: Everything You NEED To Know About Seller Financing in Florida

So, why am I writing this article on Seller Financing Properties in Florida?  

Below I will discuss why Seller Financing your Property in Florida to us may be a better option, rather than just cashing out.  I will talk about the benefits first on Seller Financing Properties in Florida and also how Seller Financing Properties in Florida works.

Hello.  My name is Steve Daria and this is my fiancee Joleigh.  I have been a licensed real estate broker and investor in the state of Florida since the early 2000’s.  I can say, with 100% certainty selling your Florida property to us via seller financing can be an incredible win win situation.

So without any other interruption, let’s talk pros, cons and exactly the process of Seller Financing Properties in Florida!


Seller Financing Properties in Florida

You Can Get A Higher Price By Seller Financing Properties in Florida

Many times, we see people who have had their homes listed on the market for HUNDREDS of days!!  Or home sellers have contacted many “we buy homes” companies only to find out the offers they are getting are 30-50% below what they want.  Why is this? Well, if you have been listed on the market without any offers it usually comes down to 3 things… Price, Location, Condition.

You can’t really do much about location. So, the only other 2 factors you can control if you want to cash out of your Florida property is to reduce price and / or make the condition better. Or a combination of both. Now, if this doesn’t work for you, then listening to a seller financed offer like our, may make sense.

In most cases, when we buy Florida properties via seller financing, we are overpaying for the property and “front loading” interest essentially by offering a much much higher price.  

In return, we will need favorable terms for it to make sense for us in order to comfortably cash flow the property, usually after putting some money into improving it.  

For example. One property we acquired was realistically worth $180,000. The sellers didn’t want anything below $250,000 which is why it sat on the market for almost 2 years! By Seller Financing their Florida Property to us, they were able to make $80,000 over the real value of the home which created consistent cash flow for them and their future heirs who will inherit the mortgage.

You Can Get A Chunk Of Cash Up Front By Seller Financing Properties in Florida

In most scenarios, we are going to get a down payment.  Usually this amount is close to the net of what goes into your pocket, less any real estate tax prorations as we pay closing costs (Title Insurance and Doc Stamps on the Deed).

In the example above, they were able to get $40,000 net in their pocket by seller financing their Florida home to us.

This too has to make sense for you and for us.  If the down payment for the seller financing Florida property is too high and we have to put a lot of money into improvements, then it might not work for us.  Also, if they cash flow is minimal and the down payment is too high and our cash on cash return is low, then it might not make sense for us.

In the same respect, if the amount if too low for you it might not make sense for you.  So, it is important for us to have an open conversation on how much would be satisfactory as a down payment to you for seller financing your Florida property to us for say, for pay off credit card debt, put as a down payment on a house, put a child through college, paying off any existing liens against the property, etc.  (Keep in mind too, we can take over existing liens via subject to which we can talk more in detail).

You Can Defer Paying Taxes By Seller Financing Properties in Florida to Us

You can defer paying taxes and capital gains by seller financing properties in Florida to us. Many savvy real estate investors will never cash out on properties that they resell because of tax liability.

Of course we recommend speaking to a reputable accountant who is well versed in real estate investing pertaining to seller financing your Florida property.

Seller financing can provide you the opportunity to defer and stretch out paying the IRS legally!  **We are not accountants, tax advisors or attorneys.  As always, speak with the appropriate professionals. 

save on taxes when you seller finance your florida property

By Seller Financing Properties in Florida It Can Be A Faster Sales Process

Traditional real estate transactions often involve a lengthy process of inspections, appraisals, negotiations and renegotiations leading to delays in closing the deal.  And in some cases, buyers backing out, thus starting the entire process over!

Seller financing your Florida property to us simplifies the process by eliminating the need for bank approval and extensive paperwork. Consequently, the sale can be completed much faster, allowing you to move on to your next venture without unnecessary delays.

One Florida property that we bought with seller financing, we were able to close in 7 days!! We put the Florida seller financing agreement together, all parties signed off and opened escrow. The title company prepared the mortgage, promissory note and all other closing documents and we closed in 7 days!

Seller Financing Properties in Florida To Us Creates Passive Income

What’s interesting is many landlords will turn to seller financing their Florida property to us.

Real estate investors and landlords love passive income. However, many become “tired” and do not want to deal with tenants, leaky toilets and tracking down rent payments.

By seller financing your Florida property to us, we eliminate all of that. You and your family get a direct deposit to your bank account of choice every month. Regardless if the tenant pays us or not!

passive income seller financing florida property

Seller Financing Properties in Florida To Us Creates Long Term Wealth & Security

Well… We have heard this before and will lay out this prime scenario for you….

One seller financing Florida seller contacted us and said, my son is going to get our assets when we die. They were in their late 80’s. They blatantly said their son is a screw up. They knew they could not leave the houses with him after their passing as he wouldn’t be able to properly manage them.

On the flip side too, they didn’t want to “cash out” these assets as they knew the son would blow through the hundreds of thousands of dollars quickly. Seller financing their Florida property was the best option. It provided their son a monthly consistent cash flow that he could live off of and his partners wouldn’t have any future worries.

To make the sellers even more comfortable, we added a pre-payment penalty clause where we wouldn’t sell or refinance out of the property until the end of the 27 year note. Now, tell me this seller financing option wasn’t a win, win, win for everyone?!

Seller Financing Properties in Florida To Us If You Are Upside Down on Your Mortgage

we buy seller financing florida real estate

As mentioned above, we can get very creative when buying Florida seller financed real estate.

And in some cases, you might have a mortgage that is higher than what the property is valued at. In this situation, if it makes sense cash flow wise, we can take over your mortgage “subject to.”

And in some cases, depending on the cash flow, we might be able to get some money in your pocket at closing or create a second mortgage and get you monthly income from it.

Again, this will be case by case depending on your mortgage terms, rents and amount of money to get into the deal.

How Does Seller Financing Work in Florida?

If you are considering seller financing properties in Florida, you must know how it works…

Seller financing in Florida, also known as owner financing or seller carryback, is a real estate transaction arrangement where the seller plays the role of the lender, providing financing to the buyer. This alternative financing option is popular in Florida, offering flexibility and opportunities for both buyers and sellers. In a typical seller financing scenario, the buyer makes a down payment to the seller and then makes regular payments, including principal and interest, directly to the seller rather than a traditional mortgage lender.

In Florida, the process of seller financing involves the creation of a promissory note, which outlines the terms and conditions of the loan. This note specifies the interest rate, repayment schedule, and consequences of default. The buyer and seller may also sign a mortgage or deed of trust, securing the loan with the property being sold. However, unlike a conventional mortgage, the buyer does not obtain a loan from a bank or financial institution. Instead, the seller acts as the lender, and the transaction is often more straightforward with fewer stringent requirements.

For sellers in Florida, offering financing can attract a broader pool of potential buyers and expedite the sale of the property. Sellers can also earn interest on the financing provided, potentially resulting in a higher overall return on the investment. Interest or no interest loans on seller financing your Florida property depends on how high of a purchase price we pay. If we pay a market value on your property, you likely will see interest on the loan. However, if we are overpaying significantly, then as previously mentioned, we are “front loading” interest into the price.

It’s essential for both parties to carefully review and understand the terms of the agreement, seeking legal advice if necessary, to ensure a smooth and fair transaction.

While seller financing can offer benefits for both buyers and sellers in Florida, it’s crucial for all parties involved to conduct due diligence and work with professionals who are well-versed in real estate law and transactions to navigate the complexities of this alternative financing method successfully.

What are the Disadvantages of Seller Financing Properties in Florida?

Seller financing Florida real estate can also come with its share of disadvantages, particularly in the context of real estate transactions in Florida.

One significant drawback of seller financing in Florida is the potential for legal complexities. Real estate laws can vary from state to state, and Florida has its own set of regulations governing seller financing. Navigating these laws requires a thorough understanding of the legal landscape, and both parties involved may need to seek legal counsel to ensure compliance. Any oversight or misunderstanding of the intricate legal requirements could lead to complications, disputes, and potential legal consequences.

Another concern is the potential financial risk for the seller. By financing the sale of the property, the seller assumes the role of a lender, which means they are exposed to the same risks that traditional lenders face, such as borrower default. If the buyer fails to make payments or encounters financial difficulties, the seller may be forced to go through the process of foreclosure. However, in seller financing your Florida property to us, we are sure to include a perfomance deed essentially provides the deed back to the mortgagor if the property ever goes into default. More commonly knows as a deed in lieu. We have never gotten to this point and never intent to. But if that ever did occur, you would have the downpayment money, have collected monthly checks, likely a strong tenant in place and an improved property as we ensure all properties are fixed up / renovated prior to leasing.

Additionally, seller financing may limit the seller’s ability to fully capitalize on the proceeds from the sale. Unlike a traditional sale where the seller receives the full purchase price upfront, seller financing involves receiving payments over an extended period. This can impede the seller’s ability to reinvest the entire sum immediately or take advantage of other investment opportunities.

Why Sell Your Florida Properties to Us on Seller Financing?

We are seasoned real estate investors and have been since 2002, obtaining my real estate license in 2003 and brokers in 2006.  My sister and I founded Maxim Realtors in 2006 and grew it to 60+ agents with 2 offices. In 2018, we sold majority share in that company and have been investing in real estate full time since.

My fiancé (Joleigh) and I founded a few investment companies as well to attract off market sellers, which is our primary concentration, to provide multiple options to home sellers in Florida. Whether this to be seller financing your Florida property to us, a straight us cash out sale, taking over a subject to mortgage and or a combination of all. Check out our Google 5 Star Reviews!!

If you have an interest in seller financing your Florida home to us, kindly fill out the information below and we will call you right away!

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We buy houses and vacant land via seller financing in Florida in all areas including but not limited to Naples, Bonita Springs, Fort Myers Beach, Fort Myers fl, Cape Coral, Lehigh Acres, Punta Gorda, Port Charlotte, Saint Lucie, Kissimmee fl, Fort Lauderdale, Miami, Sarasota, St Pete, Tampa fl, Orlando fl, Davenport fl, Jacksonville fl. 

We Buy Seller Financing Properties in all Florida Counties:

  • Alachua County
  • Baker County
  • Bay County
  • Bradford County
  • Brevard County
  • Broward County
  • Calhoun County
  • Charlotte County
  • Citrus County
  • Clay County
  • Collier County
  • Columbia County
  • DeSoto County
  • Dixie County
  • Duval County
  • Escambia County
  • Flagler County
  • Franklin County
  • Gadsden County
  • Gilchrist County
  • Glades County
  • Gulf County
  • Hamilton County
  • Hardee County
  • Hendry County
  • Hernando County
  • Highlands County
  • Hillsborough County
  • Holmes County
  • Indian River County
  • Jackson County
  • Jefferson County
  • Lafayette County
  • Lake County
  • Lee County
  • Leon County
  • Levy County
  • Liberty County
  • Madison County
  • Manatee County
  • Marion County
  • Martin County
  • Miami-Dade County
  • Monroe County
  • Nassau County
  • Okaloosa County
  • Okeechobee County
  • Orange County
  • Osceola County
  • Palm Beach County
  • Pasco County
  • Pinellas County
  • Polk County
  • Putnam County
  • Santa Rosa County
  • Sarasota County
  • Seminole County
  • St. Johns County
  • St. Lucie County
  • Sumter County
  • Suwannee County
  • Taylor County
  • Union County
  • Volusia County
  • Wakulla County
  • Walton County
  • Washington County

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