Owner Financing for land sales is becoming increasingly popular in DeBordieu, the private, oceanfront, golf community just south of Pawleys Island, SC, particularly in the
area of lot sales. In fact, the lots pictured on this page all have Owner Financing available.
As lot loans from traditional lending institutions have become less and less available, more and more buyers are seeking homesites that offer owner financing as a way of securing land during this “buyers market,” and not having to build right away.
Basically, the seller of the property agrees to receive monthly payments from the buyer in place of the buyer obtaining a loan from a
traditional lending institution. The seller will “hold” the mortgage and receive monthly payments from the buyer. The repayment terms (interest rate, term or length of repayment) are negotiated between the buyer and seller.
Because the buyer can bypass the hassles of traditional bank financing, it makes the property more attractive. It is highly recommended that an attorney is used to close the transaction, and that a licensed escrow company is employed to collect payments and manage the real estate contract.
The lots pictured on this page offer a variety of settings including forest ($199,000), golf course ($298,000) and island ($398,000) locations. Click on each picture for details. For more information, contact TroiKaz@DeBordieu.com, 843-455-4523.
There has never been a better time to consider a purchase at DeBordieu!
DeBordieu Colony is an oceanfront community located just south of Pawleys Island, South Carolina featuring private golf and tennis, saltwater creek access to the ocean, a manned security gate, and luxury homes and villas surrounded by thousands of acres of wildlife and nature preserves.
area of lot sales. In fact, the lots pictured on this page all have Owner Financing available. As lot loans from traditional lending institutions have become less and less available, more and more buyers are seeking homesites that offer owner financing as a way of securing land during this “buyers market,” and not having to build right away.
Basically, the seller of the property agrees to receive monthly payments from the buyer in place of the buyer obtaining a loan from a
traditional lending institution. The seller will “hold” the mortgage and receive monthly payments from the buyer. The repayment terms (interest rate, term or length of repayment) are negotiated between the buyer and seller.Because the buyer can bypass the hassles of traditional bank financing, it makes the property more attractive. It is highly recommended that an attorney is used to close the transaction, and that a licensed escrow company is employed to collect payments and manage the real estate contract.
The lots pictured on this page offer a variety of settings including forest ($199,000), golf course ($298,000) and island ($398,000) locations. Click on each picture for details. For more information, contact TroiKaz@DeBordieu.com, 843-455-4523.
There has never been a better time to consider a purchase at DeBordieu!
DeBordieu Colony is an oceanfront community located just south of Pawleys Island, South Carolina featuring private golf and tennis, saltwater creek access to the ocean, a manned security gate, and luxury homes and villas surrounded by thousands of acres of wildlife and nature preserves.
No comments:
Post a Comment