Tagged : seller carry back

What a difference a couple years makes in the Laguna Beach Real Estate market!  What will happen in 2012 is up in the air but with sales up 19% last year many speculate that we have hit the bottom and the time to get the deals is now!  While this is still a buyers market many sellers are offering creative financing to help buyers make offers on their properties.  Sellers who own their homes free and clear have the luxury of offering seller carry backs for the first note position.  This is a huge selling point and buyers don't have to go through the traditional mortgage route in order to buy the home.  Seller Carry Backs are not new but are seen more in a down market.  We constantly watch the market here in Laguna and was excited to see a new ocean view

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A lot of Laguna Beach seller's are now looking to be creative when selling their beach home in Laguna Beach, California.  We have seen the trend of seller's offering lease options where the buyer rents for a temporary period and then has the "option" to buy the home at a later date.  Another creative finance technique is buying a home with assumable loans.  This allows for the buyer to assume the seller's existing mortgage at the interest rate that exists when the owner locked in the mortgage.  Buying a home with an assumable loan is a creative way to buy a house in today's real estate market.  We found two properties that have assumable loans with restrictions in the Victoria Beach and Terraces Laguna Beach community.  468 Ashton Drive is an ocean view

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The real estate market in Laguna Beach has changed and we are starting to see more and more Laguna Beach home owners that are now open to carry back part of the note when purchasing a home in Laguna Beach.  Seller carry backs are not a new idea but have taken a back seat with the market was red hot.  Now with the market cool down, the idea of a seller doing a seller carry back has come back into fashion.  Keep in mind, each property is different and the amount that the seller is willing to carry back depends on a variety of things.  First, how much does the owner owe on the property?  If the property is owed free and clear then the seller has the potential to carry back the entire purchase amount if so desired.  If the sellers owes a certain amount on his

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Things have really changed with the Laguna Beach real estate market.  Sellers are becoming more and more willing to work with buyers with the sale of their home.  We have noted before that lease option properties are becoming more and more popular as home buyers are electing to rent a home first before they decide to buy.  Having that "option" to purchase at a later date is very appealing to a lot of Laguna Beach home buyers.  As a twist to that, we are starting to see sellers willing to carry back the entire first trust deed note and do what we call a seller carry back.  A newly listed ocean view home has just come on the market for $3,450,000 where the owner is willing to carry the 1st trust deed.  What this means to a buyer is that the owner of the…