is this possible to do I have seen quite a few in South and North carolina do real estate companies do this or do you have to come up with everything in one payment
2006-10-29 08:43:35 · 4 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
Jerry, hardly anyone saves all the money up then buys a house. It's always financed one way or another.
2006-10-29 09:36:27 · answer #1 · answered by bluzmelody 2 · 0⤊ 0⤋
Typically, real estate companies market the properties for the owner. If the owner is wiling to sell on payments, then you can do this.
Make sure they don't have an outstanding mortgage on the property, so it's a "true owner carry".
2006-10-29 16:50:25 · answer #2 · answered by teran_realtor 7 · 1⤊ 0⤋
unless the real estate company offers their own financing (doubtful that they would), what you need to do is get a bank loan. the bank will issue a check which you use to pay the real estate company. the bank is then your master and owns the land until you pay off the loan.
2006-10-29 16:50:08 · answer #3 · answered by Anonymous · 1⤊ 0⤋
the sky is the limit bro.....look for agents that have sold vacant land before, the answer is yes, anything is possible
2006-10-29 16:47:49 · answer #4 · answered by Anonymous · 1⤊ 0⤋