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Listing Agent and Office: New Home Sales, Brighton Homes
Beautiful Home located in Barton Woods just North of The Woodlands on IH 45. Brighton Homes/Barton Woods will be featured on Hot On Homes on Ch. 2 on Oct 18!
Listing Agent and Office: New Home Sales, Brighton Homes
Beautiful Home Located in Barton Woods right off of IH 45 - just north of The Woodlands! Brighton Homes/Barton Woods will be featured on Hot On Homes on Oct 18! Check it out!
"A model of how the Internet can facilitate the process of deciding where to send your children to school" - America's Best School Profiles by The Heritage Foundation
If you are selling a house in which you have a lot of equity, and you don't need that equity to buy a new home, an owner-financing agreement may benefit you and your buyers.
Seller financing arrangements usually involve the buyers securing the largest portion of their purchase money from a mortgage company and getting a smaller second loan from the sellers. For example, they may finance 75% from a lender, put in 15% from savings, and ask the sellers to finance the remaining amount. The terms and interest rates on seller carry-backs are negotiated on a case-by-case basis.
Sellers may be able to negotiate a note that provides a better return on their money than 1-to-5 year CD's or treasury notes. They should ensure that the note protects them to the fullest. Use common sense when considering such a loan, and verify the buyers' income, credit history, and job stability before making your final decision.