Seller Financed Properties 
There are currently 5 blog entries related to this category.
Looking for the Elephant in Your Next Home
Monday, March 21st, 2011 at 6:40pm. 3810 Views, 1 Comments.
Buying a home is a huge undertaking, and no one needs to be reminded how significant a financial decision this is. Suffice it to say, buying a home that you soon outgrow, learn to hate after a couple of years, or contains a proverbial elephant can have significant consequences. But, so many of us go into this big decision with either limited criteria (“I know I want a yard for the kids and granite countertops in the kitchen”) - or unrealistic expectations (“If it doesn’t match everything on my list, I’m not buying.”) But, sort of like our significant others, compromise is often required, and the things that draw us in at first aren’t necessarily the things that will make us happy in the long run.
Focus First on What You Can’t Change
Location, Location,…
Is Seller Financing Right For You
Monday, August 9th, 2010 at 1:09am. 664 Views, 1 Comments.
Buying Boardwalk. Charging rent at St. James Place. Wheeling and dealing at MONOPOLY may have been a fun way to spend a childhood afternoon, but many of us would never have expected to play a banker in real life. With an abundance of homes on the market and ever-stricter lending guidelines, though, some sellers are starting to change their minds and are going into the mortgage business. The numbers are still small - fewer than ten percent of sellers are even willing to consider it, according to nolo.com. But seller financing is becoming a more attractive option for those tired of waiting for their buyers to qualify with the big banks, or those who simply want to be more competitive in this buyers’ market. So, how do you know if it’s right for you?
The…
Four Reasons Why Houston Real Estate May Be Hot During the Holidays
Friday, December 11th, 2009 at 4:02pm. 625 Views, 0 Comments.
General logic suggests that the holiday season is rather quiet as far as Houston real estate is concerned. With all manner of distractions robbing the attention of potential buyers, very few agents would advise a seller to market his or her property this time of year without a significant degree of patience.
Opportunities, however, do often present themselves for any homeowner willing to resist the temptation to pull down that “for sale” sign for a few months. Consider the following four reasons why Houston real estate may heat up during the holidays:
Where Do You Find Seller-Financed Properties?
Tuesday, June 30th, 2009 at 8:57am. 719 Views, 2 Comments.
I have owned and sold hundreds of seller financed properties over the years. Most of these homes were sold within a very short period of time and were never advertised on MLS. We typically have ready buyers waiting to purchase these homes; however, when we do have a home that does not sell right away we will advertise in the local classifieds.
You're best bet to find seller-financed homes would be to narrow down the area(s) you want to live and follow the local paper in that community; and, also visit the realtors in those areas. Find out which realtors work with local investors/sellers who seller-finance properties and then ask them to notify you as homes become available.
Also, ask about credit checks, down payment, financing terms and the method of…
What Should An Interest Rate Be On Seller-Financed Property?
Tuesday, June 30th, 2009 at 8:52am. 504 Views, 0 Comments.
Texas usury laws say that interest rates cannot exceed 18% ...which would be the max rate a buyer would pay if they were crazy enough to agree to an 18% interest rate.
As a seller of hundreds of seller-financed notes, I have charged anywhere from 8% to 12%. The rate will vary depending on annual salary, credit history, employment history and how much down payment. Typically, the more favorable the credit factors means the lower the interest rate, and/or the larger the down payment usually means a lower interest rate.
Bear in mind, if you choose to seller-finance your property you are passing on the option to cash-out and put that money to work in a CD, T-bill, stock market, etc. And, instead, you are choosing to create an asset backed note receivable (the…
My Account
Log in, to view your saved searches and add to your favorite listings.
... So You Can:
- View detailed property information
- Print detailed property flyers
- Save your searches & favorite homes
- Inquire about a private showing
- Map individual property locations
- Share your favorite homes with friends
Blog Navigation
Blogroll
Archives
