Seller Financing Dana Point Homes For Sale
Posted by Sam Smith on Tuesday, May 19th, 2020 at 1:39pm.
Seller Financing is a great way to buy a home that doesn't involve a traditional lender. These are typically hard to come by and more often than not you need to inquire with the property owner if they are willing to finance either a portion of the entire amount of the purchase price. The first thing to look for is the amount of money the current owner owns on the property. This way you will be able to figure out the approximate amount they will be able to finance. For example, if the home is worth $1 million dollars and they owe $200,000 to the mortgage bank then have an approximate $800,000 amount to finance. These numbers are approximate since sellers often have fee's associated with closing costs, real estate commissions, etc that would be subtracted from this amount. If the owner owns the home free and clear then the entire amount can potentially be financed by the seller.
We did find one Dana Point home that is currently on the market for sale that is advertising seller financing. It's located in the new South Cove community which has an incredible location across the street from Doheny Beach. The advertisement doesn't say exactly how much the seller is willing to finance but just says to make an offer. The home features a total of three bedrooms, two baths with 1,794 square feet. Some of the highlights include 9 foot ceilings, penthouse location, ocean view roof top deck and a 3 car garage. The community has a centrally located pool with a walk to the beach location. For those looking for seller financing homes in Dana Point please contact our local real estate agents at 949-606-4114.
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