Seller May Carry Homes For Sale In Oceanside, CA

Posted by Sam Smith on Friday, April 10th, 2015 at 9:45am.

Real Estate has a lot of different financing options when buying a home. There is the traditional method of getting a loan through a large brand name bank or mortgage lender who will ask you a series of qualifiing questions and request documentation in order to qualify. Another option is to have the seller carry back a portion or all of the financing on the home. This is often referred to as seller financing or seller carry back where the owner of the property is acting like the bank and lending you the loan on the house with their equity.

There are a lot of advantages to this. First, there is less of a qualification process when you are dealing directly with the owner instead of a traditional bank. For those with less than perfect credit this can be a huge advantage. This also helps those who are self employed and traditionally write off a lot of their expenses which normally results qualifying for a smaller loan amount. Second, interest rates can be neogitatied directly with the owner to get the very best rate. One can be as creative as you can imagine with various payment options and plans. It's all up to your negotiating skills!

Southern California beach towns have a very low number of seller carry back properties since there tend to be a lot of cash buyers. Typically when a seller offers a seller carry back by the beach it's because the home may be tricky to sell for one reason or another. Oceanside is one of the lowest price beach cities in all of Southern California making it an excellent opportunity to buy a home at a low price. We have gathered the available properties that may be option to doing a seller carry back. Please contact us with any questions as we know the Oceanside Real Estate market very well!

Oceanside, California Beach Homes For Sale