Sunwest Escrow, INC.

Why Opt for Owner Financing Homes Albuquerque? Instead of borrowing money from a commercial lending office and obtaining a mortgage, a buyer can choose to purchase an owner financed home.  During this process, the current property owner lends either a portion or all the funds required for purchasing the house. This is becoming a popular alternative to normal real estate transactions, especially in times when the area is considered to be in a buyer’s market. Types of Owner Financing There are many types of owner financed homes.  The three most common are land contracts, lease-purchase agreements, and mortgages.  Land contracts provide the buyer with an equitable title until the buyer has paid the owner for the full amount of the property.  At that time, the new owner would then receive the deed. The seller and buyer could also choose to commit to a certain type of mortgage known as an all-inclusive mortgage or all-inclusive trust deed.  In these insta...

The typical real estate transactions used to involve a homeowner hiring a real estate professional to sell their home. Today, we find ourselves in an evolving market that no longer needs this representation. Instead, those selling their homes are electing to complete these transactions without a realtor. 3 Advantages of Sale By Owner The For Sale By Owner process is a commission-free means of completing a real estate transaction. There are many advantages to the FSBO process that have made it an appealing option for sellers that wish to complete the transaction without paying for services they could execute alone. 1. The seller saves money. When you employ the services of a real estate agent, you’re required to pay them a percentage of the sale as a commission. This fee could be upwards of tens of thousands of dollars. For instance, if your agent charges a 6 percent sales commission on a $500,00 sale, you’ll end up paying them $30,000. A For Sale By Owner sale elimin...