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Showing posts from October, 2022

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 ...

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...