Gilbert Arizona properties Owner Will Carry - Seller Finance Properties in Gilbert
Do you have glitches in your credit, have you recently gone through a short-sale, foreclosure or Bankrupsy? Are you being forced to rent? Been turned down for a loan by the bank? Join the thousands of Arizona homeowners buying homes with alternative seller financing, forget the foreclosures in 'as is' condition, consider the growing number of Seller Financed homes for sale in Gilbert Arizona.
Check out:
Owner Carry Home List - Gilbert Arizona
What exactly does this mean? 'Seller financing', 'Owner will carry', 'no bank financing', 'land contract', 'contract for deed', 'Seller carry note'. Is this something new? Another scam? These are questions that I have been bombarded with ever since I listed one of my investment homes as 'owner will carry'. Actually this is going back to the way that real estate started back before mortgage brokers, negative mortgage, APR, ARM, and a host of other mortgage acronyms. Very simply put.....the owner of the home is acting as the bank and is financing the home to you. With the current situations with the banks, the mounting multitude of foreclosures, short-sales and bankruptcies; going back to the 'old ways' makes sense. This is giving homeowners and investors another alternative then to be stuck in this current market conditions.
You will still have to come up with a down payment of 6%-20% but you will not have the high costs of obtaining a loan which in some circumstances can be as high as 7 1/2% - - in just closing costs, that goes directly into the bank's pocket! In a traditional owner carry situation the down payment is directly applied to price of the home! Now that just makes sense!
Make sure that you use professionals for your transaction. You should have real estate attorney and a must is a good title company that is familiar with these types of transactions. And.....as always a good Real Estate Agent
click here for FREE LIST OF SELLER FINANCED HOMES IN THE PHOENIX AREA.
Email me at: Barb.England@yahoo.com and I'll set up your custom search.
· Barb England
· Solutions Real Estate
· 602-321-7109
· BarbKnowTheValley.com
We are your local Real Estate Professionals and can provide you full service for your Seller Financed home in the Phoenix area.
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