You can click on the link for OWC properties in the North West.
Please call me to discuss financing and obtaining a mortgage.
Certified International Property Specialist
What does the process for purchasing an owner carry house look like?
You must prove that you have a down payment before an agent drives around to show you properties. A snap shot of your bank account (minus account numbers) or a statement from your banking officer will work just fine. Got cash? No worries. Take a snap shot of all those Benjamins next to a newspaper. Don't laugh. Happens frequently.
One of our agents will show you houses that fit your financial profile. Keep in mind there are about 130 available in Las Vegas and probably about 4 that fit your financial profile. If those 4 don't work, you will just have to keep waiting.
IF you find the house you like and IF the seller doesn't have a better offer and IF you make a decent offer price, we will go to the next step of haggling over financial terms.
Once all terms are hammered out verbally, we get down to business of putting this down in writing and opening escrow. Your 20% down will be held in escrow with a title company until the property closes. If the property fails inspection or the property falls out of escrow, you will get your money back. We will retain $500 of your initial fee as this effort is a lot of work.
Escrow generally takes about 3 weeks. Once the property closes, you will be making payments to a servicing company who records your payments and then disburses the money to the owner.
At the end of your financial agreement, you will either have clear title OR secure another mortgage to pay off the "balloon" to the owner.
We can do this for you. Check out my website
David Cooper 702.499.7037
The Adams Team at
Rothwell Gornt Companies
There are plenty of OWC homes for sale..
However,...they do incur certain risks that should be discussed ahead of time.
Also,....I have some excellent preferred lenders I work with who may be able to help you with your situation.
Information is the key for both scenarios....
Please call me when you have a moment and I would be happy to discuss the options...
Contact info is below....
Hank Lauzon III
Exit Las Vegas Realty Center
6600 W. Charleston #119
Las Vegas, Nv 89146
Web : http://www.HanksLVRealestate.com
Never look down on anybody...unless you're helping them up.