recently divorced woman, bad credit needs to start over. I have looked at FSBO homes but I need owner finance.
2007-02-14 02:17:02 · 3 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
Invariably you need to find a home owner who has lots of equity built into the home. And it takes a special Seller to realize the benefits of providing the financing for a prospective buyer.
To streamline your search, I'd suggest that when you contact the FSBOs you almost immediately ask if they are interested in financing it to you at an advantageous rate.
Or, I would also suggest contacting a local REALTOR to employ them to aide in your search efforts. Be up front with them as well, as Owner Financing scenarios are overly common.
Either way, good luck!
2007-02-14 03:01:18 · answer #1 · answered by Art 4 · 0⤊ 0⤋
FSBO means that the owner is MARKETING the home himself instead of being wise and having a professional do it. Owner financed means that the owner is willing to sell his home and receive payments over time, instead of in one lump sum at closing.
Ask your Realtor to find homes that can be owner financed. It will require a down payment.
2007-02-14 11:14:32 · answer #2 · answered by teran_realtor 7 · 0⤊ 0⤋
What part of KC are you looking for? I can probably help you. send me an email and I will see what I can do.
What monthly payments can you afford?
turnkeyproperties@sbcglobal.net
2007-02-15 21:06:44 · answer #3 · answered by oldfatcowboy 3 · 0⤊ 0⤋