Yes! Send me homes with Owner Financing Available...
Owner financing is a great option to help you buy your own home but please be careful. Below are some things to watch out for and please feel free to call with questions. Our services are always free to buyers.
Rent-to-own or Lease-to-own is not the same as Owner Financing
If you have true Owner Financing, you should have a true closing with an attorney or title company
With Owner financing the seller holds a mortgage - you hold the deed
Watch the interest rate, owner financing rates are normally higher than banks but should not be unreasonable (20% for example)
Watch the price, you do not have a lot of room to negotiate when asking for owner financing but you should know the approximate value of the property, and avoid over paying
Inspections, appraisals and land surveys are going to be optional for you on owner financing, but please never buy a property without a Title Search and Title Insurance - this protects you from a previous owner or lien holder taking the properrty from you despite your contracts and payments!
Realtors are not associated with the government, and our service is not approved by
the government or your lender. Even if you accept this offer and use our service, your lender
may not agree to change your loan. If you stop paying your mortgage, you could lose your home