Posted by Steve on July 23, 2003 at 15:37:41:
To be honest with you, on deals where I would have offered owner financing 5 years ago, I am not having to these days. I have yet to find a deal that a notefunder will buy that a good mortgage broker could not fund. Now, having said that, I have offered owner financing where I have stayed in the loop (usually a wrap or a L/O). Offering to carry the second is definitely a way to increase your price and terms. Just some thoughts.
Need to sell my house fast - Posted by troy
Posted by troy on July 23, 2003 at 13:58:42:
What’s the best way to sell my house fast and still walk away with some equity?
Troy
Re: Need to sell my house fast - Posted by joe
Posted by joe on July 23, 2003 at 20:19:31:
I’ve tried for sale by owner 5 times past year and I was sucessful only once. So my recommendation is to work with a good agent but negotiate your listing fee. I pay no more than 1.5% to my agent and get the full service I need.
I tried owner financing approach several times without much luck. Besides there are many zero down loan programs. One program that I know offers $649 down and all the closing costs rolled into the loan. With many good loan programs available why bother with owner financing hassle?
Good luck.
Joe
Re: Need to sell my house fast - Posted by Randy
Posted by Randy on July 23, 2003 at 15:30:30:
OWNER WILL FINANCE, sell the note at closing. Carry a 2nd for the deference.