If you have ever purchased or sold a home, you understand that the paperwork can be dauting. But before you sign the dotted line it is important to know what you’re getting yourself into. Sunwest Escrow specialises in escrow services in New Mexico. We guide buyers and sellers every day, along the home buying and selling process and make sure they have a good understanding of every step. If you’re searching for real estate contract Albuquerque let Sunwest Escrow help guide you in the right direction.
Read the below tips before signing a real estate contract to help you better understand the process.
Our Mission at Sunwest Escrow
Sunwest Escrow has become the most trusted escrow company among title companies and real estate brokers in New Mexico. We take pride in educating our clients in many forms from escrow services and beyond. We have books about owner financing in both English and Spanish. We also have a wide variety of tutorial videos explaining every aspect of the process, simplifying the escrow process. Visit our website for more detailed information or call us to today to schedule an appointment and review all your real estate contract Albuquerque needs.
Original Source:- http://sunwestescrow.blogspot.in/2018/05/tips-before-signing-real-estate-contract_24.html
Owner Installment Sales
Owner financing or seller financing is just what it sounds like. Instead of the home owner receiving a major loan from a bank, the individual selling the home lends the buyer funds for the purchase of the property. In this type of transaction, the seller plays the role of the bank and is the financer. If you’re searching owner financing Albuquerque and looking for additional information, contact Sunset Escrow today.
The Pros and Cons for Buyers
There are some pros and cons when considering owner financing. The potential buyer can reap some advantages to the buyer who engages in an installment sale transaction. The cons that are seen are often the elevated purchase price and higher interest rates. However, new conventional lenders offer fixed interest rate loans today. Advantages of owner financing for the buyer include:
On many occasions, we see sellers that want fast cash and to pay as little taxes possible. Benefits of owner financing for the sale means they can charge a high price, sometimes higher than fair market value. The sale of a property by an owner financing installment will net the seller cash and more capital gain. Some benefits to the seller include:
As financing experts, Sunwest Trust simplifies non-traditional transactions, which enable both buyers and sellers to reap the most benefits. Since 1987, we’ve become the most trusted escrow company in New Mexico. We believe that helping our clients achieve their goals is extremely important to the success of our business. Transparency is at our core. If you’ve been searching owner financing Albuquerque and want to gain some additional insight to benefits and cons, contact Sunwest Trust today.
Original Source:- http://sunwestescrow.blogspot.in/2018/05/pros-and-cons-of-owner-financing.html
Sunwest Escrow, Inc. is a customer-oriented servicer of private mortgages, real estate contracts, and other installment type notes. Sunwest Escrow, Inc. was formed by the owners of Sunwest Escrow, LC in order to provide a wider range of financial products.