If you charge 0%, then is there no incentive for the buyer to refinance or pay the loan off early? I just figured that charging an interest rate instead of 0% you would open up the possibility to pay off early. Although it seems that any buyer asking to owner finance on a property seldom understands an amortization table or the time value of money.

Neil is right about the transfer fee. I live in a HOA and the HOA management company tries to get a $740 transfer fee for the sale or purchase of any property. I refuse to pay, the HOA will eventually figure out there was a transfer, I tell the new owner to just pay the monthly HOA fees to the old account number until the HOA manager figures out…[Read more]