Buyers with damaged credit can always obtain financing from a seller even when a bank turns them down. The average down payment for a seller financed property is around 10%. This number may very but with the costs associated with the listing agent and the buyers agent it makes it difficult for the seller to realize any type of capital gain without this percentage down. Terms can be negotiated but this type of financing is becoming more in demand since the crash of the housing market. There are thousands of people out there wanting to own but can’t because they have a foreclosure on their records. That’s no issue with a seller carryback. All that’s needed is a seller with a property owned free and clear and their willingness to lend on the property.
Owner Financed real estate for sale in Scottsdale Arizona
Broker Executives, Inc has several properties available for owner financing with the majority of them located in Scottsdale. Some with short term financing and others with up to 5 years on a seller carryback. Terms are simple and credit can show a recent foreclosure; however, all other tradelines should show current unless you have a good letter of explanation. ( LOE ) . To find out about the homes available, please call our office or email us. We’ll be happy to assist you with finding a seller carryback.
Before looking into seller carry financing, it helps to understand the different types of seller carrybacks in today’s market.
About Daniel Reynolds
Resident of Phoenix Area for over 10 years, I know the Valley of the sun! I have over 5 years in real estate and over 4 years in mortgage financing. Rest assured, I can help you find a home. Whether you're buying or selling, I'm always on the ball and are prompt to answer questions either by phone or email. Please email or call me if you have any questions. My mobile is 480.297.2008 