This is when a real estate buyer finances the home they want to purchase directly through the person or entity selling it. This often occurs when the prospective buyer cannot obtain funding through a conventional mortgage lender, or is unwilling to pay the prevailing market interest rates. The seller may agree to owner financing if he or she is having difficulty selling the property. Owner financing may only cover part of the purchase price, with a smaller bank loan making up the difference. Also known as “creative financing” or “seller financing”.
Owner financing is common in a buyer’s market. In order to protect his or her own interests, the seller may require a higher down payment than a mortgage lender would. Down payments of 20% or more are not uncommon in owner financing. The deed to the property is usually not transferred to the buyer until all of the payments have been made, but because no institutional lenders are involved, the overall terms of financing are much more negotiable, and can be set up to provide benefits to both the seller and the buyer. The buyer saves on points and closing costs, while the seller can obtain monthly cash flows that provide a better return than fixed-income investments.
This is the premier real estate firm in the state of Alabama. I have the good fortune of being a part of this amazing team. If you are in the market to buy or sell a home, this firm should be your first stop. Customer service is our number one priority, from the first meeting to the closing table, rest assured your every need will be met. If you are looking for a career in real estate make sure this firm is your first choice.
Amanda Howard real Estate was awesome, it was a quick process for me cause I already knew what I want. For areas that I needed help with, they had the solution. Thank you!!
Y’all were very helpful in our search for a home. Natalie made the process easy and was very communicative.
Blessed to be part of this team! Thankful for the opportunity AHRE has given me. I love my job and the people that I work with.
“Jessica was a great match for us! She helped from the first second to the last. She listened and responded to our needs, wants and wishes. From the initial meeting to the staging process, and pictures and finally posting the house and contacting potential buyers she kept us posted and updated. We couldn’t have been more grateful :)! Joel & Dhurata Dobbins”
True professionals that are passionate about their business.
We worked with Natalie, a buyer specialist. She was professional, friendly, and knowledgeable. She was laid back while showing us homes (patient with our 4 year old sons!), and answered all questions. She was easy to work with and met all our needs. She assisted in making the buying process as easy as possible. Everything went smoothly from initially contacting her to closing on our family home.
As a home builder, the agents at AHRE have spoiled me. They are well educated in all aspects of the market, highly driven, skilled and well seasoned by the training they receive working for Amanda and Travis Howard. They don’t believe in the word “try”. They believe in the word “do”.
Natsuki and Clair were the best buyers and sellers agents I have ever worked with. They treated us like family. It was a truly pleasant experience. I definitely recommend Amanda Howard agency to anyone buying or selling a house.
We used Whitney Stringer as our buying agent for purchasing our new home. Whitney, as well as the entire staff at Amanda Howard was very patient with all of our questions and kept us up to speed as we navigated this very complicated process. Overall, it was a relatively painless process, and we are very happy with our new home!