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It can take days, weeks, or longer for changes to appear on web sites. Don't waste your time with less than current information. Request our free Status Report and find out if the homes you are interested in are still on the market, under contract, in escrow, or if the price has been reduced. 

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Remember: As top Plano, Wylie, Allen and Sachse area real estate agents, it's our job to know more about a property than any web site. Make sure you have the most current information! 



School Reports in Plano, Wylie, Allen and Sachse, Texas
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Real Estate Tips
Financing Your Home >Owner Financing

If you are selling a house in which you have a lot of equity, and you don't need that equity to buy a new home, an owner-financing agreement may benefit you and your buyers.

Seller financing arrangements usually involve the buyers securing the largest portion of their purchase money from a mortgage company and getting a smaller second loan from the sellers. For example, they may finance 75% from a lender, put in 15% from savings, and ask the sellers to finance the remaining amount. The terms and interest rates on seller carry-backs are negotiated on a case-by-case basis.

Sellers may be able to negotiate a note that provides a better return on their money than 1-to-5 year CD's or treasury notes. They should ensure that the note protects them to the fullest. Use common sense when considering such a loan, and verify the buyers' income, credit history, and job stability before making your final decision.

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Real Estate Trivia
Q 
What country of the world has the highest percentage of private housing?

A 
Mongolia, where 100% of all properties are owner-occupied.
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The Coats Team, REALTOR®, real estate agent and broker for Plano, Wylie, Allen and Sachse, Texas home listings, property and land for sale - NUMBER1EXPERT(tm)

Cindy and Jeff Coats
Coldwell Banker Apex

Serving the DFW Metroplex
214-727-7959
Fax: 972-461-0631
cindycoats@BestImageAgent.com

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