Thanks to all of you who have called me with interest in buying an OWNER FINANCED home in Lubbock. I have shared with you through these posts the challenges and limitations of buying a home with OWNER FINANCING.*** There are hoops we have to jump through but I know there are so many folks who want to own a home who have been shut out of traditional lender financing due to credit requirements.
GREAT NEWS is I successfully put a buyer and seller together on an owner financed transaction and they will close next week!
I am still working with several people, looking for an owner financed home that is a fit. I am actively seeking sellers who would finance the sale themselves. When I hear from other Realtors about a motivated seller, I always inquire if that seller would owner finance. So just know that I am an advocate and really want to make more win-win-win deals in the owner financing arena in 2011.
Buyers- contact me if you want to find about about homes available in Lubbock. Please read other related blog posts so you'll understand the challenges such as FEW homes to choose from and MORE money needed up front.
Sellers - if you own your home outright or your lender will allow you to do a wrap mortgage, owner financing will bring you a bevy of buyers - in many cases it would make it possible for you to sell your home in 30 days!
***Please scroll through my other blog posts and read all the ones about Owner Financing. Once you grasp the pros and cons you can decide if you want to call me.
Mary Benton, Realtor - Keller Williams Realty