Why would you want the Seller to finance the deal? Why not just go to a bank? If your credit is bad, then the Seller may not want to take the risk with you anymore than a bank would want to take the risk.

Finding seller financing on the MLS can require a significant investment upfront since every agent wants their commission. Agents won't usually want to wait too long for the commission meaning they aren't going to wait for you to refinance.

Be careful with getting an agent to look for deals because they will eventually become a buyers agent which is usually 3% of the sales price.

The best way to find seller financing is to deal directly with the seller. You can find those deals in the paper. Check both sellers and landlords and reach out by telephone.

We also provide access to some seller financed homes that you won't find anywhere else.

Another good way to find good owner financed deals is to google "charlotte rent to own homes" or google "lease to own homes charlotte, nc" and you will find some good sites that offer rent to own homes.

If you go through a realtor, there will be added prices, so look through google since it has the most potential.

I am going to sell my personal house. Ballantyne area. Owner financing is possible. Not on the market yet, but will sell. Realtors welcome. 2450 sf, 4 bed,2 1/2 bath, 2 car garage, about 25 years old. 0.43 acre mostly wooded. Backs up to a permanent tree-save area. Cul-de-sac lot. Ardrey Kell High School. Appraised for $274k. Will take $265k.
Contact Tim at timpatton70@yahoo.com

I'm not sure what your price point is, however one of my custom builders is offering 100% owner financing. He is in the high 700's though. No money down! I can help you with MLS stuff as well. Give me a call! (877) 584-2366 anytime. Be patient while being transferred through my call center. Thanks again Wes

Through a custom search, real estate agents who subscribes to the Carolina Multiple Listing Service can locate houses that the owner is willing to finance. That search should be inclusive of your price range and other criteria.

Hi,

My name is Jeffrey Richman of We Buy NC, LLC. We have many homes available that are Rent To Own and Owner Financing. They can be found at http://www.WeSellNCHouses.com.

We update frequently because we help out many buyers in the Charlotte and surrounding areas. Please look at our inventory and see if we have something that can help you.

You can always put in your information and when something comes in that fits your needs, we can contact you.

Tish is correct. We as members of the MLS have the best chance of finding seller financing possibilities. We can search the MLS specifically looking for such listings. If you want to contact me, I will do such a search for you.

My question is, have you talked to a good lender to see if you need to go this route? There are some very good lending deals available if you have decent credit. There are 100% programs or downpayment assistance programs. If you need the name of a good lender, go to my website. Under the Mortgage Calculator button is the name of an excellent, very honest and very helpful lender and a link to his website.

Let me know how I can be of service to you.

Sara Rich
Rich Properties

I would suggest contacting someone such as Tish because you need a realtor in that area. Now besides the homes that have the facts in their listing that they will do owner financing I have found that if you local realtor finds some homes that have been on the market for at least 6 months or more. You might find that they are willing to deal. Of course if the home is vacant and the owner's are say carrying two mortgages they are probably really willing to do something in order get some help with that payment. Just be careful and make sure to have a good real estate attorney to draw up the agreement. You will need to have a good option payment which when you buy it will be a downpayment. Also make sure to check the percentages on your payment and the amount that will go towards your purchase. You will be locking in the purchase price so be careful and get a good CMA of the property to make sure you get a good price on the home.
Hope this helps.
Good luck

Larry Story
Coldwell Banker Triad

Regarding owner financing, there's another question almost identical to yours but dealing with Texas. So, if you'll permit, here's my posting for Texas, modified slightly for Charlotte:

Finding seller financed homes generally isn't a problem in most areas of the United States. Admittedly, I know nothing about Charlotte. However, if you asked the same question where I am (Northern Virginia), most Realtors would respond the same way Trish did, below, and that Chris and Lynn did on the other thread: That you can search the MLS, but you won't find very much. Absolutely true.

So, think outside the (MLS) box. Someone who is willing to do seller financing wants to sell, but has been unable to. They also don't need all their equity out.

Start with the MLS. Don't just look for "seller financing" in the comments. Look for properties with long days on market, and expired listings. Better yet, have an agent run a list of properties with long days on market (or expired listings) that were purchased 10 or more years ago. Those likely have equity in them, and the owners would be able to do seller financing.

You contact the owner and make the following case: "I saw that you've been trying to sell your property. I may be interested in buying it. However, I'm looking for a property that the owner would be willing to hold the mortgage, rather than the bank. You've probably heard what it's like with the sub-prime meltdown. And you certainly know that the market is slow. So, if you don't need all your equity out right away, let's talk about me buying your house from you."

In addition to looking for expired listings and long days on market, you might also look at properties that had been listed for sale and are now listed for rent. These people tried to sell. They couldn't. Now they're forced into trying to rent. You come in and you're offering to buy (which is what they wanted in the first place). The only catch is that you're buying with owner financing. But since they were willing to rent it out, that means they don't need all their cash out.

Also, look on CraigsList. Look for homes for sale and homes for rent (using the strategy above). And place your own ads on CraigsList under "Real Estate Wanted" and "Housing Wanted."

Hope that helps.

When a seller enters into a listing agreement and wants to do owner financing, the agent will chose this option when they put the listing in the MLS. Your real estate agent will be able to perform a search based on this criteria. If you are not working with a realtor, please don't hesitate to contact me.

Regards,
Trish
(704) 701-9206