Contact Tim at email@example.com
for people with poor or marginal credit.
We do not qualify the same stringent way as
the banks do. To visit our list go to:
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.
If you go through a realtor, there will be added prices, so look through google since it has the most potential.
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.
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.
Hope this helps.
Coldwell Banker Triad
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.