How To Buy Owner Financed Homes and Houses – The Ultimate Guide
The real estate market has made bank financing a nightmare, the endless signing of forms, the often times confusing process and with the near weekly changes of approval criteria for a mortgage makes wonder what you can finance and what you can’t. Just about every US Real Estate market has been taken for a wild ride, and it doesn’t seem like it is going to let up any time soon.
Sure you can try to wait out the storm but sometimes you just have to move. Or possibly such as times like today it is once in a lifetime the right time to buy a home. It might be time to consider buying a new home on owner financing. Now unless you have bought or sold a home on Seller Financing you might not realize that it has its own pitfalls as well.
First off, let us say you want to turn to a real estate agent for help. Well very few agents are well versed with the true inner workings of a successful owner financing transaction. Here is a simple test to try for yourself.
Ask any real estate agent how many deals in the last year he or she did that involved owner or seller financing? How about the last two years, or three, or four years?
The number wont be high, in fact there are quite a few real estate agents scrambling to learn all they can about owner financing. Many Real Estate Agents feel that is where the market is heading, at least for the next few years.
You Can Own a Home Without the Bank!
Now moving on is the next piece of the owner/seller financed puzzle, you have the owner to deal with. Please do not take this as a slam on owners who offer owner financing, in fact a honest reputable owner should be glad you are reading this. A truly reputable property owner offering financing will want you to be as informed as possible.
It makes the whole process go a lot smoother for both parties. One of the main problems in an owner financed house is you have just met the owner, you know nothing about their previous business arrangements, their reputation, or really anything at all with someone who you will be tied and obligated to for possibly many years to come.
See buying a home on owner financing is quite different than going to the bank or mortgage broker for your loan.
There is just One Problem. Most People are NOT Experts with it.
Introducing… How To Buy Owner Financed Homes – The Ultimate Guide
Full and Complete Overview of How It Works.. In this section you will learn expert insight into Owner Financed properties, homes, and houses? What are your most common options and how exactly do these options work. What is the benefit of a contract for deed, deed for title, or land contract type deal over a rent to own (lease option) or a seller carry back? Also which one of these types of seller carry financing is the best fit for your personal situation.
Is It Right For You?. Are you ready to get into a home right now and is if so what type of home owner financing is right for you. The two main items covered in these chapters are:
- Buying an Owner Financed Home – What does it mean for you and your family.
- Selling On Owner Financing – What it means for the Seller and understanding this will help you negotiate and find your new home much easier?
Get Prepared Now : All you need to know for planning and finding the perfect home. Here you learn step by step the overview of what you need in order to find that perfect home. This section will help you make the search and offer process as seamless as possible.
How to Find Owner Financed Homes and Houses (traditional means). What are the most common ways to find owner financed homes available? For instance you found this page either by first visiting a site like CraigsList.com or by a Google search. In this chapter we explore those options.
The Secret Ways of Finding Owner Financing Homes and Houses No One Tells You . This chapter alone makes the book worth the read. You’ll get the inside tips on how you can find owner financing homes no one knows about? This is how the savvy real estate investors do it. How can this be possible? Well think about it, you see an Ad on Craig’s List, the owner of this ad might be getting some decent amount of response, so remember when responding you are just one of many. But what if you could find owner financed homes that are great homes but very few people are inquiring about? Here in this section you’ll discover the true secrets on how and where to find these homes.
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How To Buy Owner Financed Homes – The Ultimate Guide