Three Ways to Sell Your Multifamily Property
While traditional sales rely on bank approvals and market rates, creative financing lets you bypass institutional hurdles. Seller financing turns you into the lender when you own free and clear; subject-to lets a buyer take over your existing mortgage and leverage your low rate.
Traditional Sale vs. Seller Financing vs. Subject-to
In a traditional sale, the bank sets the rules (appraisals, underwriting); you get a one-time lump sum. With seller financing, you set the terms — price and interest — and receive a down payment plus steady monthly income. With subject-to, the buyer assumes your existing mortgage payments so you get a down payment and a fast exit without the buyer needing new bank qualification.
Choosing the Right Path
The Clean Exit strategy fits if you want a full exit and your buyer qualifies at current bank rates. The Passive Income strategy fits if you're open to holding a note and want steady income without tenant headaches. The Low-Rate Advantage fits if you have a low-rate mortgage and want out without waiting for bank-dependent buyers — subject-to can be the answer.
Ready to explore your exit? Let's talk creative terms.