Home Buying in Louisville>Question Details

Naynay, Home Buyer in Louisville, KY

Where are the best free sources on the web to find owner financing houses for sale in Louisville, KY?

Asked by Naynay, Louisville, KY Thu May 26, 2011

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You can also check rentalhouses.com. Several landlords will consider it. This realtor specializes in it- http://www.vistaky.com/. Just be careful. It's a little like buying a car at a "buy here, pay here" lot. I know a property manager that manages about a hundred properties in the St. Mathews area and some of his investors will do rent to owns.
Web Reference: http://rentalhouses.com
0 votes Thank Flag Link Fri May 27, 2011
Craig's List would be the first place that I would start. Just know that you typically will be paying more to receive owner financing. Most sellers would rather have cash (conventional financing is cash in the end). The seller may feel that this is the only way to sell their property, or they may be in the business of buying homes and reselling with their (owner) financing. I would think it would be best to have someone at least review whatever you are looking at before signing on the bottom line for your dream home.
It might be good to look at other methods of financing. A good mortgage broker will know of several alternatives. A knowledgeable real estate agent will know several lenders and the different programs available.
Web Reference: http://thedobbsteam.net/
0 votes Thank Flag Link Fri May 27, 2011
Craiglist or some property management companies will sometime advertise owner financing. Be aware that owner financing is becoming more difficult to find. There was a new law passed last year that requires a lot of hoops to jump through for sellers to finance their homes.

Is there a reason you are looking for owner financing? I'd be happy to answer any questions you have. Feel free to contact me. Kimberly McIntosh, Coldwell Banker McMahan. 502-541-1215. kmcintosh@cbmcmahan.com, http://www.kimberlymcintoshhomes.com, http://www.facebook.com/kimberlymcintoshhomes
0 votes Thank Flag Link Fri May 27, 2011
Craigslist is probably your best bet online.

-Mitch Thomas
502.345.5754
0 votes Thank Flag Link Thu May 26, 2011
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