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Grant Trevithick Fort Worth Real Estate Investor breaks down the owner finance process

  Grant Trevithick is here to talk about how the process of owner finance actually works. I have been doing real estate in Carrollton, Dallas, Fort Worth, and all throughout Texas and I have come to realize that most people are not familiar with how owner finance actually works. I thought I would take some time and give a brief rundown of the process. Owner financing is a financing arrangement in which the seller of a property provides part or all of the financing to the buyer. This type of arrangement is sometimes called seller financing or seller carryback. Here is a brief overview of the process of owner financing: The buyer and seller agree to an owner-financing arrangement. This can be part of the purchase contract for the property. The seller provides the financing for the property, either in the form of a mortgage or a promissory note. The terms of the financing, such as the interest rate and repayment schedule, are agreed upon by the buyer and seller. The buyer makes monthl...
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Grant Trevithick, Top Things You Can Do To Improve Your Homes Value

  Grant Trevithick Carrollton real estate investor here with another pro tip. Today we are going to be talking about some of the top cost effective home improvements that you can make that will add value to the price of your home. Remodel Your Kitchen - Buyers look most carefully at kitchens and bathrooms, so you should, too. You can recoup 82 percent of a minor kitchen remodel and 74 percent of a major kitchen remodel. If you’re selling soon, don’t overspend on your kitchen. You may be able to do a couple of relatively minor fixes, such as replacing the appliances and painting the cabinets, or just replacing the counters with granite to garner a good offer. Update Your Bathroom - While a full, upscale bathroom remodel project can cost over $50,000, you can make cost-effective minor upgrades. Get a 73 percent return on your investment with these bathroom upgrades: Replace your fixtures and your mirror, repaint the space, and jazz it up with some crown molding (depending on your hom...
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Owner Financing – Avoiding 5 Balloon Mortgage Pitfalls

  Grant Trevithick Carrollton Real Estate Investor here with another pro tip on how to avoid balloon payments and other mortgage pitfalls. Using a balloon payment with owner financing can be a valuable addition to a mortgage note or land contract. In all my years of experience selling homes through out Texas I've seen many sellers and buyers unknowingly combine a balloon payment with high risk factors turning a positive into a negative. Be sure to avoid these common pitfalls when considering seller financing with balloon mortgages. These risk factors will generally make it harder for buyers to refinance when the balloon comes due making delinquency or foreclosure more likely for the note seller or note buyer: Extremely Short Term – A balloon payment due less than three years from the date of sale can be viewed as a negative. The buyer needs sufficient time to address and fix any issues that might have disqualified them from a traditional home mortgage loan at closing.  No Down...
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Hidden secrets of Owner Finance

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Introduction    Owner financing, also known as seller financing, is an alternative method of buying or selling a property where the seller acts as the lender. This arrangement allows buyers who may not qualify for traditional bank loans to purchase a property directly from the seller, with the seller financing the transaction. While owner finance may seem straightforward, there are several hidden secrets and nuances that both buyers and sellers should be aware of. In this article, we will explore five specific nuances of owner finance that can have a significant impact on the success of a transaction. Flexible Financing Terms One of the key advantages of owner financing is the flexibility it offers in terms of financing arrangements. Unlike traditional bank loans, which often have rigid requirements, owner finance allows for negotiation and customization of terms. Buyers and sellers can work together to determine the down payment amount, interest rate, repayment period, and an...
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What to do if a Seller-financed homebuyer wants to sell the home before the home is paid off.

One of the fundamental rights of real estate ownership is the ability to sell your interest in it. If you've bought a house from a previous owner, even if he's financing it for you, it's yours to sell. Generally, the only limitation on your right to sell would come from a lockout clause or prepayment penalty in the financing, just as would happen with a similarly written mortgage from a traditional lender. Doing Real estate in Carrollton, Fort Worth, Addison, Dallas, and all throughout Texas, the laws can vary so it is important to check with your local municipality to make sure that the contracts you are using encompass this type of event. Now as far as it comes to Grant Trevithick and the Real Estate Investing I have done, I can only speak from experience and want to encourage you to do further research to help guarantee that you understand fully what you are entering into with any of your sellers. With that being said here is some general things that have come up that I ...
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Location: 16901 Dallas Parkway, Addison, Tx 75001-5400
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Grant Trevithick - Avoid the Pitfalls of Owner Finance

  Grant Trevithick Carrollton Real Estate Investor with a Pro Tip on avoiding pitfalls of Owner Finance.  As a real estate investor located in Carrollton Texas, I have done countless Owner Finance deals throughout all of Addison, Dallas, Fort Worth, and most of North Texas. I know the importance of understanding Owner Financing of Property. This article will explain various methods of Owner Financing and what pitfalls and problems you need to avoid in Owner Financing. So what are the pro’s and con’s of Owner Financing? If you do not understand the differences in a Land Sale Contract, also known as Contract For Deed and the more conventional methods of Owner Financing you could lose the property with no recourse other than suing for some of the payments made. To gain knowledge of the safe way to set up Owner Financing where it is a win-win situation for both the Seller and the Buyer, you will want to take the time to read and understand this article. Why Owner Financing There a...
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