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Are there any homes for sale financed by owner?.

  • May 04 2013 - Jefferson
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Answers (6)

Profile picture for rfcollett
Yes, there are many homes for sale financed by the owner, but these are often investor owned homes that are not always in the MLS.  These deals are frequently structured as "lease with option to buy" or something similar. Recent legislation makes it much more difficult for owners to do "owner financing", especially if they attempt to do more than one in a given year. Seek the help of a good real estate agent, and the advice of an attorney if you decide to pursue this. You can expect to pay a premium either for the price of the home, or for the interest rate if you pay.  Cash buyers can expect to get the best deal... but owner financing might be the only way if the buyer is not bankable.

  • August 17 2014
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Very few and they usually requires a high amount of money down. 
Seller financing is more prevalent when interest rates are high In the 1980's they were used more frequently. 
  • August 15 2014
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Profile picture for wetdawgs
The last owner financed house I encountered wanted 40% down payment and was charging and interest rate 3x the current market rate.    Is that what you are looking for?
  • May 04 2013
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Seller financing is usually offered for PROBLEM properties, ie where a typical bank WONT loan on a property for whatever reason...

  • May 04 2013
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Very few and far between. also, they generally require a high down payment. Why would you want to go that route?
  • May 04 2013
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Profile picture for Jason Muse
Yes.  Many times it will require a substantial down payment with the loan rates higher than normal.  Remember, it's all negotiable.  
  • May 04 2013
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