Where to Find Seller Financed Homes
by Mark W. Martin
Where Do You Find Seller Financed Home?
I have owned and sold hundreds of seller financed properties over the years. Most of these homes were sold within a very short period of time and were never advertised on MLS. We typically have ready buyers waiting to purchase these homes; however, when we do have a home that does not sell right away we will advertise in the local classifieds.
You're best bet to find seller-financed homes would be to narrow down the area(s) you want to live and follow the local paper in that community; and, also visit the realtors in those areas. Find out which realtors work with local investors/sellers who seller-finance properties and then ask them to notify you as homes become available.
Also, ask about credit checks, down payment, financing terms and the method of sale. I would recommend that when you purchase a home via seller-financed terms that you ask to use the Texas Real Estate Commission (TREC) promulgated contract forms, close through a title company, and use an attorney to represent you in the transaction.
