Grant Trevithick Real Estate Pro Tips

  In the world of real estate, innovative financing options have emerged to make homeownership more accessible and mutually beneficial for both buyers and sellers. One such method gaining popularity is subject-to financing. In this article, we will delve into what subject-to financing entails and explore the benefits it offers to buyers and sellers alike. Let's embark on an optimistic journey that illuminates the possibilities of this empowering financing approach. What is Subject-To Financing? Subject-to financing is a creative real estate arrangement where the buyer acquires a property "subject to" the existing mortgage, taking over the responsibility for payments while leaving the loan in the seller's name. This method allows buyers to bypass traditional mortgage processes, making it an appealing alternative for those facing credit challenges or seeking faster transactions. Benefits for Buyers: Flexible Qualification: Subject-to financing provides an opportunity fo...

  Renting a home and purchasing a home using owner financing are two different ways to acquire a place to live. Each option has its own advantages and disadvantages. When you rent a home, you are essentially paying someone else's mortgage. You will not build any equity in the property, and you will have to move out when your lease is up. However, renting can be a more affordable option than buying, and it can give you more flexibility if you need to move frequently. When you purchase a home using owner financing, you are borrowing money from the owner of the property. This can be a more affordable option than getting a traditional mortgage, and it can give you more control over the terms of the loan. However, you will still need to make monthly payments, and you will be responsible for all repairs and maintenance. Ultimately, the best option for you will depend on your individual circumstances. If you are looking for a more affordable option or you need more flexibility, renting ma...

  The home buying process in Texas is long and complex, but closing is the final step. It's when you sign all the paperwork and officially become the owner of your new home. Here's what you need to know about the closing process: When does closing happen? Closing usually happens 30-60 days after you've made an offer on a home. Where does closing happen? Closing usually happens at a title company or escrow office. What happens at closing? At closing, you'll sign a lot of paperwork. This includes the mortgage loan documents, the deed to the property, and the settlement statement. You'll also pay any closing costs, such as title insurance and appraisal fees. How much does closing cost? Closing costs can vary depending on the location of the property and the type of loan you're getting. However, they typically range from 2-5% of the purchase price of the home. What do I need to bring to closing? You'll need to bring your driver's license, proof of income, an...