The Advantages and Disadvantages of Owner Financing (Infographic)

Owner financing is when the seller agrees to sell the property in exchange for a note where the buyer promises to pay back according to the agreed upon terms and pledges the property as collateral for the loan.   Since only two parties are involved, the terms are generally more flexible and the closings much quicker.. read more →

What is Owner Financing?

Since the implosion of the real estate bubble, the bank’s lending standards have significantly tightened.   Here is what it took to get a mortgage in 2012: Benefits to the Buyer:  Working directly with an individual rather than a bureaucracy will allow quicker negotiations and flexibility in terms.  The main requirements for owner financing is.. read more →

What Does It Mean To Sell Your House ‘Subject To’?

Many Austin, Texas, home sellers want to sell their home fast but cannot due to little or no equity. Imagine that you have a house for sale that’s worth $150,000 and you owe $150,000  If you wanted to sell traditionally using a Realtor, assuming the usual 7.5% closing costs, you’d have to pay over $10,000.. read more →