Would you owner finance your house?
Currently have our house listed at $185k. We were under contract and supposed to close this next week and our lovely buyers just backed out. Our newest offer is for us to owner finance it to a lady. She’s offering $25k-50k down. We haven’t discussed any terms or reached out to our bank to see what they say, we currently owe $158k on it. Is there anyway any of you would assume this risk? I’m just wondering if there’s even that much risk if I bank that $25-50k in a HYSA and if anything were to happen that should mostly cover it? Welcome to any and all opinions.