More importantly, you need to make sure the contracts you sign (Lease Agreement with Option to Purchase etc) are air tight. I would advise you to talk to a lender who can outline you a plan and timeline for an eventual purchase. If you sign an agreement with XX time to exercise your option to purchase and are unable to get financing, you could loose all of your option money.
With all that said, there are several home here in Knoxville that are "owner financed". You can call or email me anytime and I can help you through any questions you may have. I can also provide you with referrals from others I have helped that are just like you (out of state buyers, relocating to Knoxville, who need owner financing). There is ALOT you need to know and even more options you may not know about...For example, If you have a 401K you may be able to take a loan or early withdrawal against it without penalty. Of course, certain criteria has to be met.
All in all, just because you need owner financing does not mean you are out of options. There are always options :)
Send me your email address to FGoswitz@gmail.com so we can connect.
Thank you for your question.
REMAX Preferred Properties
10820 Kingston Pike Ste 14
Knoxville, TN 37934
There are a few owner's finance available but are hard to find. In order for the owner to take the chance to finance the property to you, he will ask you how much down-payment you have. The more money, the better chances you have. If you don't have at least 5%, you will not be able to get an owner to finance the house to you.
Slyman Real Estate
My suggestion would be for you to find an agent with whom you feel comfortable and let him/her join your team to tackle the problem together. A good agent can help you find a house with your unique qualifications more efficiently than if you work on your own. Also, buyers agent's fees are generally paid by the seller. If you find a seller that is not willing to work with your agent....there is probably a reason.
Dee Henry, Realtor
Keller williams Realty
11121 Kingston Pike - Suite C
Knoxvile, TN 37934