Life, It's Really All About The Family

 Grant here with the final post of of my "Life" series. Today the discussion revolves around family. 

It's the most natural thing we experience. From the time we are in our late teens most of us are looking for the next place to live. Whether it's off to school, or just off on our own, the lure of moving on and moving out is part of life. What we are not always ready for is the places that first move will take us. Take a look at how it can affect one family as they evolve through the years. 

Family growth.

It's a natural thing for families to grow with time. The added truth is that when this happens, it's not tied to mortgage rates, job status,  or the stock market. That means that a young couple will likely be looking for a new place to live after the starter apartment so many need to begin with. It means they may not be in a position to place the 20% or more down on a new place. It's possible that they can find a house to rent, that will give the family more of the experience they dreamed of. If they do, it's still rent. No equity, no permanence and always wondering what happens when the years lease is over. That young family may want to look at creative financing (Owner Financing) as a way to buy their first home. Almost always, much less down payment is needed, the credit score requirements are not nearly as high and inventoried home give choices that may be just right. A little higher interest rate could be a great trade off to be able to own their own home. 

Family Empty Nest

Years go by and all the kids are now gone off on their own adventures. Although the quiet is nice for a while it becomes clear that the home that was perfect for you and 3 kids is way too big for just the 2 of you. As usual this happens when properties are not selling well (take a look at the last 12 months) so the question is how to move affordably. Because people using Owner Financing to purchase a home is basically creating a sale directly with the owner of the home this could be a way to maximize your investment with an income stream by selling your home to a company that facilitates this process. You end up with a stream of income that usually exceeds the sale price you could get for your property and you are free to move anywhere you like. This one of the ways we serve the real estate community here in the Dallas Fort Worth area weekly. If this situation exists for you or someone you know, suggest they look for company in their area that does what we do here in Texas. 

Family Support

Whether it's a son, daughter, parent or friend most of us have had to either reach out for help or offer it at some time in our lives. Sometimes that means a place to live for the long term for someone. Whether the need is to find a bigger place or a place more suited for senior living (maybe 1 floor ) it needs to happen quickly to optimize the living experience for all. There might be an existing home that the person either can't afford or wants to leave due to a partners passing. All of these scenarios might be solved by the use of Owner Financing. Whether it's on you own, or finding a company like ours to handle all the details, this solution is seldom considered simply because most people aren't aware it exists. 

Owner Financing can be the solution to many housing challenges due to the challenges of life. Check in your area to make sure it is an available option and see how it can help.   

 


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