Owner Financed Land Texas
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Owner Financed Land Texas
Financing is a common question to ask about when you are considering buying property. It can be daunting and sometimes confusing, which is why we offer simplified, owner financed land in Texas. By offering financing in-house, our company is able to sell ranch properties at a lower cost per acre. In turn, this makes ranch ownership a more affordable proposition for our clients. It is just one more way we help our clients achieve their dream of owning the land where they can bring their dreams to life.
Financing is Fast & Flexible
Buying owner financed land in Texas means you don’t have to spend time haggling over sales prices, navigating bank paperwork, and negotiating interest rates. This saves time, money, and frustration. It is a straight forward transaction that is fast and simple to complete.
In addition to being fast, financing is flexible. There are no prepayment penalties and buyers may pay off their parcels as quickly as they desire. When you buy property from The Oak Leaf Company, you can choose to increase your monthly payment or make as many extra payments you choose. Over time, this strategy will reduce your interest payment by a considerable margin.
Owner Financed Land Texas Near Me
Investing in land is a big decision. When banks and corporate lenders get involved the process can become pretty stressful. Luckily, owner financed land makes it easy to find the perfect parcel at the perfect price without all of the headaches and red tape. Here are the top four benefits of buying owner financed land in Texas:
- No Credit Check Or Qualifications. Perhaps the best part about owner financed land is that almost anybody can qualify. This makes the dream of land ownership a very real possibility regardless of your credit score or tax bracket.
- Flexible Terms. Unlike banks who make you sign the dotted line on their terms, owner financed land typically offers a variety of options for your convenience. That means being able to choose different contract lengths, monthly payment amounts, and more!
- Low Prices. When you lease land through a bank or other corporate entity, they typically attach a bunch of extra fees and costs for their services. But buying owner financed land doesn't come with those additional price tags, because it's just you and the owner settling on terms and costs that make financial sense.
- Reduced Interest Rates. Banks are famous for their high interest rates for their services. It's no different when you're purchasing land. However, you can avoid these painful interest costs by finding owner financing with a fair interest rate you can actually afford.
Remember, it’s still important to do your homework whenever you make a big investment. Make sure you thoroughly research the land you’re interested in before making your final decision. Learn about Land For Sale Owner Financing Texas
If you’re looking for an “owner financed land near me” in Houston, TX and ready to take the next step towards land ownership, we got everything you need to get started. So don’t keep putting it off until tomorrow, contact The Oak Leaf Company to become a land owner today!
Owner Financed Land Houston Texas
We realize that it’s difficult to obtain financing on vacant land. We also realize that dealing with Banks can be extremely frustrating, time-consuming and expensive. For these reasons, we offer Owner Financing on all of our properties. No banks, no credit checks, no fees and no unnecessary delays.
We offer Owner Financing to all purchasers on all properties. The purchase price is the same for a cash or financed sale. Simply select which option you would like on the property of your choice. If the financing options shown don’t work with your budget, please let us know and we’ll do our best to work with you.
How does owner financed land work?
It’s really quite simple. Here a short guide to help you:
- The seller determines the down payment and the monthly payment amounts.
- You make the down payment.
- The seller will create the required documents and you will sign them.
- Once signed, you can start enjoying your land.
Whether you’re looking for a rural home site, hunting and agricultural property, a place to ride 4-wheelers, or an investment for your family for generations to come…. you’re at the right place. Let us help you find the land that’s right for you.
What Is Owner Financed Land
Owner financed land is a form of land purchase where instead of getting a loan from the bank, you make payments directly to the seller until the loan is paid off. There are several advantages to you, as the buyer, of going the route of owner financed land.
When choosing your land, you should first decide what main uses you’re looking for. If you would like to build a home, you should consider utilities and a building site. You’ll need access to electricity and water. You may have access to community water, or you may need groundwater to be able to drill a well. Flat clearings are also important for a building site. If you would like a property for recreation and hunting, water features such as ponds, lakes, or streams and a mixture of pastureland and trees can be best for supporting wildlife. While flat, open land can be best for agriculture or cattle.
If you are looking for owner financed land in Texas, look no further than the properties available from The Oak Leaf Company. We have been selling owner financed land for 5 years, and we work hard to make the process smooth, easy, and rewarding. Contact us today about your favorite piece of land.
Owner Financed Land Pros And Cons
Owner financing can be extremely beneficial to both parties. However, just like any other type of financing, it can have drawbacks. So what are the pros and cons of seller financing?
Pros of Owner Financing
Typically, with seller financing, in the two parties negotiate everything on their own – and that means both parties can come up with favorable terms.
Some of the pros include:
- Buyers can qualify for seller financing when they aren’t able to qualify for traditional financing
- The closing process is typically faster and costs less
- The buyer and seller can agree on any down payment
- You can negotiate any interest rate
- The seller can sell the promissory note to an investor, which gives the cellar a lump sum payment
Cons of Seller Financing
As with any other type of financing, seller financing can have its drawbacks. Some of those drawbacks may include:
- Sellers generally need to own the home “free and clear”
- Buyers could default and walk away from the home
- Taxes can be complicated
- The interest rate may be high
- Many sellers run credit checks, which means you could be turned down if you appear to be a credit risk
- Buyers need to make sure they can pay the balloon payment – if one is required – when the time comes.
The easiest way to find the owner financed land of your dreams is to get in touch with The Oak Leaf Company. We offer tracts of land of many sizes in communities across the state of Texas, and you should be able to find the perfect fit right there. Call us today.