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 ...