Simply put, owner financing is when the seller agrees to sell the property in exchange for a note where the buyer promises to pay back according to the agreed upon terms and pledges the property as collateral for the loan," says Mr. Grove
Austin, Texas (PRWEB) September 17, 2012
Phill Grove, one of the top real estate investors in the country who has participated in more than 1,200 real estate transactions over the past 7 years, has released a report titled "Owner Financing Advantages and Disadvantages", which also includes an infographic, available at http://www.reimaverick.com/owner-financing-advantages-and-disadvantages-infographic/
Getting approved for a home mortgage is tough in today’s economy with banks have the most stringent lending policies in recent memory. In order to buy or sell a house, both parties must become more creative.
One of the most creative ways to buy and sell a house in today’s housing marketing is by using owner financing, which is why Phill Grove has created his report called "Owner Financing Advantages and Disadvantages".
To receive Phill Grove's report on wholesaling homes, click here.
"Simply put, owner financing is when the seller agrees to sell the property in exchange for a note where the buyer promises to pay back according to the agreed upon terms and pledges the property as collateral for the loan," says Mr. Grove, who is owner of 2 real estate investing companies in Austin, Texas (Love American Homes and Hippie Hollow Homes). "Since only two parties are involved, the terms are generally more flexible and the closings much quicker than with a conventional loan."
To view all of the advantages and disadvantages of owner financing a real estate transaction for both the buyer and the seller, view Phill Groves' free report at http://www.reimaverick.com/owner-financing-advantages-and-disadvantages-infographic/
About Phill Grove: Phill Grove is a real estate investor in Austin, Texas, who has successfully participated in more than 1,200 real estate transactions since 2003 using a variety of real estate strategies. His belief is that real estate professionals should understand multiple strategies on buying and selling houses and use only the strategies that the market dictates to solve the problems facing those in the market. For more information on the housing market, visit Phill Grove's Official Blog Site at http://reimaverick.com