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3Picture(s)
80Acres
80 acres of raw land well off the beaten path, located in Jordan Valley in South Eastern Oregon. This extremely isolated and rural property is roughly 18 miles off of Hwy 95 and adjacent to plenty of BLM land; ideal for a true getaway of camping, hiking or other outdoor activities.
 

L100266/ 80 Acres in Malheur County, OR 100266

Oregon
80Acres
80 acres of raw land well off the beaten path, located in Jordan Valley in South Eastern Oregon. This extremely isolated and rural property is roughly 18 miles off of Hwy 95 and adjacent to plenty of BLM land; ideal for a true getaway of camping, hiking or other outdoor activities.

Texas, Knox County, 21.74 Acre

Lot 13 Red Rock Ranch, Niotaze, Texas 67355

6Picture(s)
21.74Acres
Red Rock Ranch,Lot 1321.74 AcreRed Rock Ranch is located in northwest Knox County, near the Foard County line. The ranch is approximately ten (10) miles from Truscott, TX off of CR 2631. CR 2631 is a county maintained road.
$57,000

Texas, Knox County, 21.74 Acre

Lot 13 Red Rock Ranch, Niotaze, Texas 67355
21.74Acres
Red Rock Ranch,Lot 1321.74 AcreRed Rock Ranch is located in northwest Knox County, near the Foard County line. The ranch is approximately ten (10) miles from Truscott, TX off of CR 2631. CR 2631 is a county maintained road.
$57,000

Texas, Knox County, 21.74 Acre

Lot 13 Red Rock Ranch, Niotaze, Texas 67355
$57,000

25% OFF: Oklahoma, Latimer County, 5.63 Acre

Lot 229 Stone Creek Phase II, Wilburton, Oklahoma 74578

6Picture(s)
5.63Acres
Stone Creek Phase IILot 229 5.63 AcresThis beautiful land offers rural living at it’s finest with just the right amount of trees and foliage. It’s the perfect place to build that permanent home or weekend getaway spot.This lot is being offered for sale with financing.
$9,788

25% OFF: Oklahoma, Latimer County, 5.63 Acre

Lot 229 Stone Creek Phase II, Wilburton, Oklahoma 74578
5.63Acres
Stone Creek Phase IILot 229 5.63 AcresThis beautiful land offers rural living at it’s finest with just the right amount of trees and foliage. It’s the perfect place to build that permanent home or weekend getaway spot.This lot is being offered for sale with financing.
$9,788

25% OFF: Oklahoma, Latimer County, 5.63 Acre

Lot 229 Stone Creek Phase II, Wilburton, Oklahoma 74578
$9,788

Oklahoma, Okfuskee County, 4.98 Acre

Lot 8 Deep Fork Ranch, Okemah, Oklahoma 74859

8Picture(s)
4.98Acres
Deep Fork Ranch,Lot 84.98 AcreThe unspoiled land, clean air, and mild climate make Deep Fork Ranch a true landowner's dream. And our no-hassle, 100% financing make this the perfect opportunity for you to own a piece of the beautiful state of Oklahoma.This lot is being offered for sale with financing.
$43,994

Oklahoma, Okfuskee County, 4.98 Acre

Lot 8 Deep Fork Ranch, Okemah, Oklahoma 74859
4.98Acres
Deep Fork Ranch,Lot 84.98 AcreThe unspoiled land, clean air, and mild climate make Deep Fork Ranch a true landowner's dream. And our no-hassle, 100% financing make this the perfect opportunity for you to own a piece of the beautiful state of Oklahoma.This lot is being offered for sale with financing.
$43,994

Oklahoma, Okfuskee County, 4.98 Acre

Lot 8 Deep Fork Ranch, Okemah, Oklahoma 74859
$43,994

Texas, Hudspeth County, 20 Acre Sunset Ranches, Lot 1 Unit 521. TERMS $140/Month

Lot 1 Unit 521 Sunset Ranches, Sierra Blanca, Texas 79851

6Picture(s)
20Acres
Sunset RanchesLot 1 Unit 52120 AcresSunset Ranches is the perfect location for anyone who seeks true west texas scenery. This location is surrounded by plateaus with beautiful mountain ranges to compliment it all. Enjoy the peaceful environment with no worries of being distrupted by city noise or traffic as this property is your true desert off grid experience.
$14,000

Texas, Hudspeth County, 20 Acre Sunset Ranches, Lot 1 Unit 521. TERMS $140/Month

Lot 1 Unit 521 Sunset Ranches, Sierra Blanca, Texas 79851
20Acres
Sunset RanchesLot 1 Unit 52120 AcresSunset Ranches is the perfect location for anyone who seeks true west texas scenery. This location is surrounded by plateaus with beautiful mountain ranges to compliment it all. Enjoy the peaceful environment with no worries of being distrupted by city noise or traffic as this property is your true desert off grid experience.
$14,000

Texas, Hudspeth County, 20 Acre Sunset Ranches, Lot 1 Unit 521. TERMS $140/Month

Lot 1 Unit 521 Sunset Ranches, Sierra Blanca, Texas 79851
$14,000
62Picture(s)
40.28Acres
$100,000

40 acres for sale Rocksprings with electricity

rocksprings, Texas 78880
40.28Acres
$100,000

40 acres for sale Rocksprings with electricity

rocksprings, Texas 78880
$100,000
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Owner Financing Land News 

Owner-Financing-Land

Benefits of Owner Financing for Your Land Purchase

Buying land is a substantial investment, and many first-time buyers aren’t aware of all their financing choices or may feel intimidated by the process. There are a variety of options when it comes to financing property, but the traditional forms may not always be viable. Have you heard of owner financing? Are you aware of the benefits? Read on to learn why owner financing your land purchase maybe read more…

Owner Financing

It might seem out of the ordinary for a buyer to ask a seller to help buy their home. It is actually a quite common occurrence for a seller whose home is not selling or buyer who is having trouble with traditional lender guidelines. Owner financing is also popular in local real estate markets where the scene is a buyer’s market.

So, what is owner financing, you may ask? Owner financing is when the current homeowner puts up part or all the money required to buy a property. To make things simple, the buyer is borrowing money from the seller instead of taking out a mortgage with a commercial lender. Buyers can choose to fully finance a purchase in this manner or combine a loan from the seller with one received from a banking institution.

When it comes to owner-financing, there are benefits for both buyers and sellers.

Buyers who choose owner financing can reap several advantages:

  1. When it comes to owner financing, there is little or no qualifying.
  2. Buyers and sellers can choose from a variety of loan repayment options or a combination of them.
  3. Without an institutional lender in the picture, there are no loan or discount points, origination fees, processing fees, administration fees, or any other assorted miscellaneous fees that lenders routinely charge which in turn leads to saving money on buyer closing costs.
  4. Buyers and sellers can select from a variety of the following loan repayment options: interest-only, fixed-rate amortization, less-than-interest, or balloon payment (if your state permits it), or even a combination of these options.
  5. Down payments are negotiable.
  6. There is quicker possession without an institutional lender involved.

Sellers who decide to opt-in for owner-financing reap multiple benefits, as well:

  1. The sales price can be higher since the seller is offering to finance. He or she can command a full list price or higher.
  2. The seller may pay less in taxes on through an installment sale, reporting only the income received in each calendar year.
  3. Payments from a buyer increase the seller’s monthly cash flow, creating spendable income.
  4. An owner-financed loan can carry a higher rate of low-risk types of investments.
  5. Offering owner financing is a great way to make a quicker sale. It can draw in a different set of buyers on a property that has been difficult to sell.

As advantageous as it can be, owner financing is a complex process. Let LandHub.com guide you through every step of the way. We thank you for your interest in our services as you sell your land and land your dream.

Owner Financing Frequently Asked Questions

Owner financing is an arrangement wherein the seller of the property either agrees to accept payment in installments or finances the buyer by giving him enough credit. This makes things easier for the buyer as he does not have to go to a bank to secure a loan.

How does owner financing work?

Owner financing is a useful tool that can be used by buyers to purchase property without having to take a mortgage. Mortgages are taken from banks who lend you money. You, then, have to repay this loan to the bank. However, in owner financing, an arrangement is made where you pay the seller in installments along with interest. Such installments are to be paid until the purchase price has been paid off.

Is owner financing a good idea?

Owner financing is a faster way to close a deal. The problem with banks is that you have to go through a lot of red tape to prove income and assets. You have to wait for the loan officer to inspect, their legal team to process documents and approve them. This method may save you money as you do not have to give any bank fees and other costs that come with that, but make sure to compare the interest rates. The down payment arrangement will be flexible as you can negotiate with the sellers. This method comes in handy to those who are unable to secure a traditional mortgage from a bank.

As a seller, is owner financing a good idea?

The most amazing benefit of owner financing is that it is advantageous to the seller as well as the buyer. Just by eliminating the banks, the middle man, both parties enjoy a variety of advantages. The seller can sell the property as it is without having to make expensive repairs that the conventional lenders demand. This is also a safe form of investment as sellers can earn good returns in the form of interest. If the buyer defaults on his payment, the seller can retain the title of the property along with the down payment. As already pointed out above, this is a faster method to close a deal as the buyer does not opt for a mortgage from a bank.

How does owner financing affect taxes?

When one sells his land using owner financing, instead of an ordinary sale, it is considered to be an installment sale. In an ordinary sale, the buyer pays you in a lump sum. However, in an installment sale, the buyer would hand over a down payment on the date of closing and thereon payments until the last installment. When you report a sale as an installment sale, you will be allowed to realize gains over the coming years. Therefore, instead of paying the entire tax in the very first year, you pay smaller amounts of tax and spread the tax over several years.

Who owns the property in an owner financing deal?

In owner financing deals, the purchaser is entitled to the “equitable title”. On the other hand, the seller is the holder of the legal title. The purchaser will be the owner of the property, otherwise, it would amount to leasing.

Can an owner financed mortgage be reported on your credit report?

Owner financed mortgages do not end up on your credit report. This means that you would not receive the boost in your credit that you get when you use a traditional bank loan.

What are the forms of owner financing?

Mortgages and promissory notes are the most common forms of owner financing. The promissory note mentions the borrowing amount and repayment terms. A mortgage, on the other hand, is a different document. It secures the seller in case the buyer defaults.

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