Owner Financed Land Oregon- How to Purchase Your Dream House within Your Budgetby Owner Financed Land The Owner Terms Land Network
The demand of purchasing owner financed land in Oregon has drastically increased during these days. With the current economical scenario, the road to raising finance is surely a bumpy one. Not to mention that the U-turns and diversions. So this has made it really difficult for the home owners and sellers to sell their properties and to buy properties. This problem has been neatly addressed by owner financing.
Owner Financing- What Does It Mean?
This is for the sake of newbie’s who are contemplating to venture into the real estate market. Owner financing is a professional process when the seller provides financial assistance to the buyer. There are different benefits of owner financed land in Oregon. However, before we go to into benefits, let’s look at an example to clear up the cloud of confusion.
Beneficial Aspects Of Oregon Owner Financed Land:
Flexible Financing Options: The buyer and seller can mutually decide on a payment option. This is of course never be the case with traditional loans.
Flexible Down Payment: The buyer can provide a minimal down payment to purchase the property.
Closing Costs Are Cut Down: The buyer saves up the costs such as loan and discounts points and administration fees that are usually involved with commercial lenders.
Quicker Procedure: Unlike having to wait for the long procedures set by the institutional lenders, owner financing is quite simple and easy.
Healthy Price: Because the seller gives the buyer the benefit of owner financing. The buyer can ask for a high price even in poor market conditions.
Beat Taxes: Since the property is being sold in installments, the seller might have to pay a less amount in tax than selling the house using other methods.
Better Interest Rate: In majority of the cases, the owner financing requires a higher interest rate. This of course makes financing even more lucrative for the buyer.
Moreover, choosing owner financed land in Oregon would be the best decision, if you are willing to buy a property in Oregon. In that case, make sure to verify all the details before choosing the best company.
Created on Dec 31st 1969 19:00. Viewed 0 times.