Seller Financing available for New Construction Condos in Cape Coral FL

As more and more people find it hard to get financing they might like to op for finding seller's offering Seller financing.  Here in Cape Coral FL one such owner/developer is doing just that.  He is bulding Casa di Fiori a gated community in NE Cape Coral.

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The units are on one floor and right now you can choose ground floor or 2nd floor.  Each unit has it's own garage.  Condo's with their own garage is hard to find so this is a big plus.  Prices start at $114,900 for these 3 bedroom, 2 bathroom units with 1357 sq ft. Terms being offered is 10% down, 6% interest and 5 year balloon.  Call us or email us to learn about the $2000 buyer incentive being offered.  Thanks. 

Seller Financed Pool home in Lehigh Acres

Investors are buying properties and reconditioning them.  Some of the investors are caring the loan for 3 to 7 year. Hear is a home currently on the market.

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Seller Financing is helping to sell a homes in Cape Coral FL

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Seller financed homes has tripled in number in Cape Coral, FL since March 2011.  We just helped our seller sell his home by offering seller financing with a three year balloon, 6% interest and $20,000 down.  The Buyer is a business owner with a creative accountant and thus he is currently not able to get a conventional loan.  We have other buyers in similar situations.

Buyers who have a foreclosure or bankruptcy in their credit past wouldn't be a likely candidate to secure financing from a bank anytime soon for a home purchase. As a result, some sellers are stepping in to offer seller financing to get a home sold.

Seller financing, once popular in the 1980s when mortgage rates spiked to 18 percent, is making a comeback in areas flooded by foreclosures and where tight lending standards are keeping some buyers on the sidelines, reports Bloomberg News. "The market is locked up because there's no financing," says Gordon Albrecht, executive vice president of FCI Lender Services Inc. "This is moving houses."

Last year, 52,991 U.S. homes were purchased with various forms of seller financing  a 56 percent jump from 2008, according to the Realtors' Property Resource LLC. In 2010, such deals made up 1.5 percent of all transactions.

One popular form of seller financing is known as a land contract, which is when a buyer takes possession of the home but the seller holds the title until the debt is completely paid off. The loan's terms "such as down payments and interest rates" are negotiable. These arrangements usually consist of a balloon payment in five to 10 years, which is when buyers will have to repay the seller or lose the home, along with any money they already put into it.