Owner financing available

Описание: Text me at 775-771-8800

Owner Financing available
Jonathan 775-771-8800
.0048072
eXp Realty
Allison Real Estate Group
www.AskForHomes.com
Old Southwest Reno
1950s single-story exceptional brick home completely renovated
1,604 Sq ft
Studio office with separate entrance zoned multi family
New quartz countertops throughout
New cabinets
New flooring
New paint
New textured walls
New epoxied garage floor
New finished an insulated garage
New security system with cameras
New driveway
New double pane windows
New fixtures
New (additional) lighting
Wood burning 🔥 fireplace
Maintenance free landscaping
$75 per mo. taxes!

Owner Financing eliminates the hassle of qualifying for a loan, goes through a title company and an attorney to put you on the deed as the owner. You will get a reasonable interest rate on this home.

We can design a loan for your needs.

The house next-door that has never been updated and doesn’t have a garage SOLD for $533 a square foot and this lovely home is listed at $473a square foot.
Jonathan with eXp Realty Allison Real Estate Group S.0048072.
775-771-8800

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You just need a large down payment and that’s about it

Owner financing, or seller financing, allows the seller to provide direct financing to the buyer, bypassing traditional banks. Here are its positive aspects and how it works:

Positive Reasons for Owner Financing

1. **Easier Qualification**: Buyers with credit issues can often qualify more easily, as sellers may be flexible with requirements.

2. **Negotiable Terms**: Buyers and sellers can negotiate the interest rate, repayment schedule, and down payment to suit their needs.

3. **Faster Transactions**: Without bank involvement, closings can happen more quickly.

4. **Potential Tax Benefits**: Sellers may enjoy tax advantages by spreading capital gains taxes over time.

5. **Investment Opportunities**: Sellers can create a steady income stream through monthly payments at potentially higher interest rates.

6. **Less Competition**: Properties with owner financing can attract overlooked buyers in competitive markets.

7. **Flexibility**: Buyers can negotiate terms that fit their financial situation, making homeownership more accessible.

How Owner Financing Works

1. **Agreement**: Buyer and seller agree on the sale price, down payment, interest rate, and repayment schedule, documented in a promissory note.

2. **Promissory Note**: This outlines loan terms, including amount, interest rate, and payment schedule.

3. **Closing Process**: Similar to traditional transactions, ensuring all documents are executed and the title is transferred.

4. **Monthly Payments**: The buyer makes payments to the seller based on the agreed terms.

5. **Security Document**: A deed of trust or mortgage secures the loan, giving the seller a claim to the property if the buyer defaults.

6. **Default Terms**: The agreement outlines consequences for default, including potential foreclosure.

7. **Transfer of Ownership**: Upon fulfilling the loan terms, ownership is transferred to the buyer.

Owner financing offers flexibility and accessibility for buyers and sellers, but both parties should consult professionals to ensure a solid agreement.