Owner Financing Newer Homes Bad Credit or No SSN#

Houston's real estate market continues to out perform the rest of the nations economy.  Houston is ranked one of the best cities for new business starts.  Houston's employment numbers are leading the nation.  Houston is creating more millionaires than any other city.  The current economic crash has created a very unusual buyer's market.  This market presents benefits both sellers and buyers.  Many sellers with free and clear homes are opting to sell via 'Owner Financing'.  I originally thought that the influx of Owner financing homes available in the Houston area was a strange glitche' or some type of anamoly but, after a little research it makes plain sense.  Keep reading and I'll explain.....

Own This Beautiful $226,000 Home with as Little as 10% Down!



It does'nt take a genius to figure out why we have such a large inventory of Owner Finance homes in the Houston area.  It's simple math.  Currently at the time of this writing, returns on CD's are less than 1.5%.  A seller owning Free and Clear real estate can collect enough in down payment to factor in the two most obvious woes which are:

1.  Damages to the home
2. Non-payment resulting in foreclosure

So let's take a look at the possibilities with a quick scenario using the property pictured above.  As a buyer, this property can be owned for as little as $22,000 down or best offer.  As an owner, $22,000 covers almost any damages that could be incurred including the need to foreclosue due to non-payment.  But here's the kicker!  Interest earned on paid off real estate offered as Owner Finance can range between 5 - 10%.  This is an AMAZING return on investment!!

So now you see why there's so many Owner Financing properties in the Houston area.  It's WIN - WIN for both the buyer and the seller.

If you want to buy or sell in the Houston area, CALL NOW 832-703-2411.  I'm the Owner Financing Expert!