Property Q&A in Asheville>Question Details

W Somers, Home Buyer in Chapel Hill, NC

How do we find an decent house with reasonable owner finance or subject to (wrap) financing terms in the Asheville or surrounding areas?

Asked by W Somers, Chapel Hill, NC Sat Sep 15, 2012

We have good credit, and a healthy down payment, but get our income from non traditional sources, so it may be tough to qualify for a loan with the current challenging requirements.

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I am curious what type of non traditional income source you speak of?? Just as a traditional lender would; the owner financier would certainly want to know that your income is stable.
0 votes Thank Flag Link Sun Sep 16, 2012
Wendy:

Finding the right agent is key! I have several that will consider owner financing or lease option.

I work in a team called, Mountain Property PROS. We handle both buyers and sellers and can put you together with a motivated seller.

Give me a call - I can help and will work for you!

Shirley Kelley
Mountain Property PROS
Keller Williams Realty
Waynesville/Maggie Valley
http://www.shirleykelley.com
Email: shirleykelley@kw.com
Cell: 828-400-6295
0 votes Thank Flag Link Sat Sep 15, 2012
Hi Wendy,

As the market has picked up, owner financing has become harder to find. Plus as Michael stated below many sellers cannot afford to do this. However, we do have credit unions that will consider making loans to folks in your situation. They keep their loans and can be flexible in their requirements. The banks are not able to be flexible as they sell their loans and have to meet stringent requirements.

If you want more information, feel free to contact me I will be glad to help.

Regards,

Debbie

Deborah H. Francis, GRI, ABR, ePRO, SFR, GREEN, Fine Homes Specialist, CRS Candidate
Prudential Lifestyle Realty
Associate Broker/Realtor®
7 Orchard St., Suite 101
Asheville, NC 28801
cell: 828-553-9019 email: deborah@dhfrancis.com
Please visit my website; http://www.LiveInAshevilleHome.com
"Your Move is My Mission"
0 votes Thank Flag Link Sat Sep 15, 2012
Hi Wendy,

You find a reputable real estate broker that is willing to go the extra mile to find it for you, such as myself.
Most sellers are not in a position to offer owner financing. There are several nice houses on the market that offer seller financing. If you will contact me directly I can assist you.

Regards,
Michael White
Realty Pro Asheville
828-775-1004
MichaelW@RealtyProAsheville.com
0 votes Thank Flag Link Sat Sep 15, 2012
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