Tag Archives: buying a home

Owner Financing Benefits for Home Buyers – Forte Properties

What are some Owner Financing Benefits for Home Buyers? Find out here or visit our website @ www.GreaterAustinHomes.com About 20% of the houses sold in the US involve some form of Owner Financing. Without a lot of the technical terminology, here are some simple facts in regards to the benefits with Owner Financing for home buyers. If you wish to buy a home but don’t have the credit and cannot afford the down payment, then Owner Financing is an option you may look out for. The biggest benefit to home buyers that comes with owner financing is easy qualification. You may have poor credit because of a divorce or recent bankruptcy. You may be self employed and cannot prove income, or new to your job and cannot meet strict lender guidelines. There are dozens of reasons why a buyer cannot qualify for a conventional bank loan. In this case, Owner financing becomes the perfect solution. Another major benefit for Owner Financed home buyers is not having to pay the costs associated with conventional loans. Points, origination fees, underwriting charges, appraisal, credit reports, title insurance, and the plethora of other fees charged by conventional lenders can amount to thousands of dollars at closing. The buyer is free from these with an Owner Financed home sale. The third and final benefit we are going to discuss in this video is fast closing. A buyer can close and move into an Owner Financed property within days, since there is no third party lender holding up the transaction

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    How can I buy a home in foreclosure?

    I am currently renting and interested in buying a home that is in foreclosure and being auctioned off. Are there any government/state websites that are legit that will allow me to see the houses available in my state? Should I use a realtor?
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    I am considering a lease to own as an alternative to buying a home outright. The reason being that I do not have the capital for a down payment and my credit isn’t exactly wonderful. How is a lease to own supposed to work…during the lease, who will be responsible for repairs to the home, property taxes and homeowners insurance. Will I be responsible as soon as I move in or after I actually assert my option to purchase the home at the end of the lease? What should I be looking out for to avoid getting scammed?

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