Texas Land - Owner Finance
Owner Financed property in Texas
Owner-Financing is a method of land sale in which the buyer of the property
makes payments directly to the seller instead of borrowing the money from a bank
and making mortgage payments to the bank. The seller holds the title to the land
until the payments are completed. Owner-financing provides opportunities to
people who would normally have trouble qualifying for a bank loan for credit
reasons, etc. Land owners can offer these buyers a chance to buy land directly by
putting down a down payment and paying the land owner directly. In many cases
the owner will not even conduct a credit check.
Owner-financed transactions are much more common in land deals than in home
sales because in the case of a home sale there is a chance that the buyer could
damage the home, causing a decrease in the value of the home. In the case of a
land transaction, it is unlikely that a buyer would decrease the value of the land, so
even if the buyer defaults on the loan, the seller can just hold the title to the land
and resell it.
Since many people have asked about Owner-Financed property in Texas, we
added this page to allow people to check out sites that specialize in, or at least
offer owner-financing options. The property in this section will be from all areas of
Texas. Some of the Listings may also be listed on the pages that offer land in
specific cities and areas. If you have land that you would like to offer for sale on
an owner-financed basis, please contact us at email@example.com
and we will list it for you here.
Owner-Financed Land for sale in Texas