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I haven’t heard of any mortgages that allow for a seller to sell their property but finance it to the buyer, while keeping the original mortgage
Rising Star
Exactly. If I’m selling I want to cash out. If I wanted to keep the asset I’d be renting it. If you don’t want to get your own mortgage it screams bad credit to me. Just like people who ask if they can make you payments on a used car you’re selling.
What’s the advantage or catch of “off market” property? Avoid agent fee? What’s your target price range and area (zip code)? I tried to chat with you but it says this user is not available to chat.
"Off market" properties can be obtain from the seller through seller financing. Both parties can avoid Listing/Buyer Agent fees, seller can avoid closing cost (usually buyer will pay for closing cost). Homes can be sold as-is, so the seller doesnt need to renovate it to get top of the market price. Seller can get close to asking price because it usually sold on terms (payments) that benefit both parties. Buyer can get into a house without having a credit check, banking account, better interest rates than going the traditional/conventional route. Also, the seller can foreclosure on the buyer if they fail to pay, keeping the downpayment and all payments, renovations, done to the house. Really beneficial!~
Any idea what part of town?? I know some agents that might have something in their pocket…
I’m torn between northwest/cypress area and pearland area/Missouri city. Location isn’t too important as long the numbers make sense. Ideally I’m looking for off market properties. So nothing with an agent unless it’s off market/pocket listing
I have a duplex one side for rent! I can sent you the details if you’re interested
Hi thanks for reaching out! I’m looking buy to keep, if you have any properties, please let me know!
Try har.com, realtor.com, or zillow
Glady will! Just trying to get it through creative financing, so typically off-market/for sale by owner would be the option I am looking at. Thanks for the recommendation!
What’s your budget?