Here's How It Works
1. Review our List of Current and Upcoming Inventory and Pick Out the Home That’s Right For You
The first step is to determine which properties we have available or upcoming that will be right for you.
2. Go Visit the Property at the Address Provided and Confirm You Love It
Drive the area and the neighborhood and make absolutely sure you would LOVE living there and picture yourself at your new home
3. We will have a sign in the yard with a “For Sale by Owner: ###-###-####”
If you are interested in the property, go take a tour! Call the number on the yard sign and our agent will give you access to the property.
Love it and want to move FORWARD??
4. Confirm you have a downpayment available
Since we don’t have any credit requirements, it’s really important to have a downpayment available. Normally, this is around 10% of the purchase price of the property, but that isn’t a rule! But the higher your downpayment is, the more likely your offer will be accepted.
5. Confirm you have reliable monthly income
We require a gross monthly income (total before taxes and deductions) of at least 3x the monthly housing payment. Please review our FAQs section to estimate what your payment might be.
6. Go to our Properties page and REQUEST A CALL
Be sure to include your available downpayment and monthly payment and the date you toured the property.
7. Our agent will contact you to review your information, fill out a Purchase and Sale Agreement, and schedule a closing date.
8. Here is the closing process:
> We submit the Purchase and Sales Agreement to our third-party title company that confirms there are no hidden liens or judgements
> You will need to submit your $1500 earnest money deposit to the title company or to our agent to deliver to the title company within 48 hours of signing the purchase agreement or else we will cancel this agreement.
> We will connect you with our RMLO (Residential Mortgage Loan Originator) to confirm the information you submitted in your offer is accurate
> If this is approved, we proceed with closing.
> We connect you with our insurance agent that specializes in underwriting properties with owner financing (we get no reward or compensation for this, but we know they can do the job correctly and give you a great rate).
9. At closing:
> You will send in the rest of your downpayment money (your earnest money goes towards your downpayment)
> You approve the purchase agreement documents and the loan amount that we are financing to you.
> You get access to the property with keys (you will be responsible for turning on utilities prior to closing).
10. Making payments
> Our third-party loan servicing company will contact you shortly after closing to get you set-up in their portal to collect your monthly mortgage payment.