To most home buyers, buying Austin real estate means getting a loan from a bank or winning the lottery. It will require allotting a large amount of money to purchase or build your house. Obtaining a mortgage approval is next to impossible since the lending criteria set forth by most banks is nearly impossible to meet. Most people who can’t get approved for a mortgage loan resort to renting which can be very expensive in the long run. For those experiencing such problems have to worry no more. This is because of the presence of Owner Financed homes.
This is how purchasing an Owner Financed home works: A potential buyer finances the house through the person selling the house. This occurs when the buyer is unable to obtain funding through a bank. The seller will agree to Owner Financing if he or she is having difficulty selling the property. This happens when the buyer doesn’t qualify for a loan. The seller decides to become the bank and carries back the financing of the house. The buyer must provide a down payment to make a successful seller financing deal. Once the seller provides the down payment, the buyer receives monthly payments for a term of usually 3 to 5 years.
This is the best opportunity given to home buyers who are starting on a small budget. If you are somewhere in Texas surely you have heard about Forte Properties that offer FREE Buyer Representation for all Austin Owner Financed homes for sale. They are more than just a real estate company. They are in the business of looking into the different needs of each person, family or company. Whether you are in search of Owner Financed homes Austin, TX or a business person who wants to invest, surely there is a property that will fit your needs on the market today and Forte Properties will find it.
Owner Financed homes are a popular choice nowadays. Compared to obtaining a bank loan, an Owner Financed home has easy qualification and approval. It is popular not only to buyers but to sellers as well. Buyers can move in quickly as closings can happen in as little as 7 days. Reason being, there are no third or fourth parties in between transactions. Since transactions are made between buyers and sellers, there is less paperwork. Owners Financed homes Austin, TX allows flexibility since the buyer and seller negotiate the terms and conditions.
So if you are moving to Texas and you are in search of a home, you can search for Owner Financed homes on the internet. Better yet, start your search at www.GreaterAustinHomes.com. You can search Austin’s largest inventory of Owner Financed properties available; Or just give them the certain requirements that you are looking for in a property and they will find your dream home for you!