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...

Homes and condos for sale with owner financing is an area of real estate most agents don't serve effectively, if at all.  I recognize there is a sizable number of underserved potential home buyers who are looking to own their own homes and repair their credit after the real estate market crash of 2007 and 2008.  I can assist buyers looking for owner financing:   www.davidbarrhomes.com/owner_financing The most frequent question I get from buyers looking for owner financing is 'What kind of terms is the seller looking for?'.  The most frequent question I get when asking home owners is 'What kind of terms is the buyer thinking of?'.  A home owner always responds more favorably to a written offer. The best way to approach owner financing homes from a buyer's standpoint is to tour homes that fit your budget both for monthly payments and the amount of money you have to put down. As with bank financing, home price and loan terms are negotiable.  Home ...