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.
Our agent, Natsuki Tani, worked PATIENTLY with us for over 3 months to help us find a great house.
Amanda Howard’s company is professional and hardworking. The integrity and work ethic is why they are so successful.
I never hesitate to refer a relocating client to Amanda and Team. They have proven systems for both buyers and sellers and deliver top notch customer service throughout the process… and most importantly RESULTS! The Amanda Howard Team are true professionals and masters of their craft!
The team at Amanda Howard Real Estate goes above and beyond! Amanda, you can count on our referrals coming your way. 5 stars!
True professionals that are passionate about their business.
Excellent experience all the way around and sold our house quicker than we ever imagined!
I don’t write many reviews. And usually when I do it’s not because of a wonderful experience. BUT I am so unbelievably impressed with Natuski. I work out with Amanda and Clair, and in casual conversation of us considering buying a house, they put me in touch with Natuski. I cannot say enough good things about her. She is the one you want, if you want someone friendly but serious about working for you. She was patient when we went in all different directions, and really helped me narrow down loo…
100% LOVE working for Amanda Howard Real Estate! The honesty and integrity of our team makes working here a great experience personally and professional!!!
We weren’t looking to buy a house, but I’m glad we came to Amanda Howard when we did. Whitney Stringer was a perfect fit for us! She listened to our concerns, answered our questions, and was patient and very professional. We looked at the house on 6/16, put in an offer on 6/17, and closed on 7/27. Everything went smoothly (and quickly). If we ever have to sell or buy again, we’d definitely go through AHRE!
“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”