Home Buying in Edmond>Question Details

Vanguard, Home Buyer in

Are there any (owner/builder) financed homes available in Edmond for around $300K?

Asked by Vanguard, Wed Nov 14, 2012

Wanted: 4bd 2900sqft home for lease purchase or with a seller finance option for around $300,000.00. Thank you.

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Vanguard,

The MLS, under the criteria; 1) 285 to 310k, 2) seller finance option & 3) Edmond Schools, has a result of 0.

Best of Luck,

Josh Barnett, Realtor
Metro First Realty
Web Reference: http://www.1ListingFee.com
0 votes Thank Flag Link Thu Nov 15, 2012
You would be better off leasing for a short time. During that time we can get your credit repaired so you can qualify for a conventional loan and get the HOME you deserve.

Jarrett Carter
ERA Courtyard Real Estate
405-613-9333
0 votes Thank Flag Link Thu Feb 7, 2013
Are you wanting a seller finance option because you are not able to obtain a loan from a lender? There are different types of lenders and sometimes one can do something another lender can't. So I'd suggest talking with different types of lenders to see if one of them can get you the loan you need to make it work.
0 votes Thank Flag Link Wed Jan 9, 2013
Vanguard,

In our market the majority of home sales - resale and new construction - are sales and not lease purchase. There are rare occasions, however, that a Seller will be open to a Lease Purchase. If you are looing for a strong team to support your goals and situation, call us and we will be glad to see how we can assist you - (405) 463-6709.
0 votes Thank Flag Link Thu Nov 15, 2012
As John pointed out at 20% to 25% down there should be. If not there are 1-2 year bank loans with 30% to 50% down. All these products are usually amortized over 30 years with a 24 month balloon payment.
0 votes Thank Flag Link Thu Nov 15, 2012
Every once in a while a builder or owner will finance finance their homes: If they do however they will require at least 20% down:
I will be glad to do a search for you if you will contact me,

Thank you
John Phillips
0 votes Thank Flag Link Wed Nov 14, 2012
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