January 08, 2016

Properties with Possible Owner Financing


The most common and traditional way for purchasing a home is borrowing from a bank.  But it's not always the only option.

Occasionally, you will find a seller that is wiling to finance all or part of your purchase.  The exact details of the financing can vary from seller to seller, depending on the situation of the seller and the buyer.

Buyers may look for owner financing for a variety of reasons, such as being self employed and not having sufficient documentation for a traditional loan.

Seller financing deals don't have as many closing costs, such as loan origination fees, discount points, and mortgage insurance premiums, among others.

Typically, these loans come with a short term and a balloon payment at the end of the term. At that point, the buyer, who now owns the property, will need to either pay the loan off in full or refinance with a traditional loan.

Below is a link to a list of properties in the Florida Keys that are offering possible seller financing.

Click here to view the properties. 




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Tracy Larson, Realtor in the Florida Keys / 305-522-3812
Thank you for visiting Florida Keys Market Update for information about the Florida Keys real estate market. Licensed since 1993 and a Keys local since 1987, I want to be your Realtor here in our island paradise. Note: Information for listings featured on this blog is gathered from our local MLS; not all properties are my listings.
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