David Barr's Sarasota and Venice Real Estate Blog

I've made owner financed properties one of my real estate specialities.  There's a lot of confusion around this subject, especially since the advent of Dodd-Frank financing rules after the real estate crash of 2008. First of all, a property owner offering a single owner financed home for sale during a one-year period does not qualify as a "lender" who would need a mortgage license under Dodd-Frank. Secondly, when you visit davidbarrhomes.com for owner financed properties, I'm able to display listings from our MLS based on the financing offered.  I include lease option homes, because most listing agents aren't familiar with owner financing and don't bring it up to their clients.  With the right offer, a home owner offering a lease purchase option may consider owner financing. Owner financing is not for those with bad credit .  You should expect the home owner will run a credit and background check.  After all, you will be, in a sense, business p...

I may be one of only a few Sarasota area Realtors who actively markets services to home buyers looking for homes offering owner financing. To serve your needs, I have a page on my website that lists all homes and condos offering owner financing from the MLS :   http://www.davidbarrhomes.com/#!owner-financing-sarasota/chfb Owner financing available for this beachfront condo $349,000 Owner financed homes are at fairly low levels due to our strong real estate market.  Here's some tips when looking for owner financing: Don't ask what terms the seller is offering before seeing the home in person.  It's like asking the seller what is final best sales price will be.  Most of the time, the response back from the seller will ask what terms you are offering.  Financing terms are part of your overall offer and will be as negotiable as the price; Have at least 20% of the anticipated final purchase price as a down payment; Have your down payment source of fund...