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.
AHRE is an amazing company to work for!! They really take a vested interest in making sure they find and train the right people to fulfill the company’s mission and values. I’m honored to be apart of a team so well respected in the community.
Absolutely loved working with this amazing team! Whitney was so helpful in helping us find our home and a genuine person. Great experience all around 😉
Buying a house was so much easier than I expected! The real estate team walked with me through every step of the way, which was very important since this was the first time I tried buying a house. From the start, Allie made it very clear that my happiness and financial well being were her number one priority!
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!
I’ve been part of Amanda Howard Real Estate for 8 years now and still love to come to work everyday. Amanda and Travis has created a great place to work, learn and grow. They continue to seek and search for bigger and better ways to grow the company as well as each of us individually. I don’t know of any other company that will invest the amount of time and money in their people like they do!
Amanda Howard Real Estate was recommended by my granddaughter, who knew Amanda through her work activity. Her recommendation certainly held true. Michele Daymond surely stood up for the company. The entire force at Amanda Howard is involved, and they sold my condo in a matter of days!
I have never been so impressed with a real estate firm as I have been with Amanda Howard! My listing agent, Michelle Daymond, was honest, efficient and totally knowledgeable about all facets of listing a house for sale. This firm is completely up-to-speed on a technical level I have never seen in real estate. This was as stress-free as selling a home can be. Thank you.
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.
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.
AHRE team is the best! Friendly, helpful, and great to do business with!!