Seller financing Londonderry NH
Owners of three homes for sale in Londonderry New Hampshire offer seller participation in financing or purchase option also known as lease to buy. Although interest rates are low, tight credit requirements may lead to a revival of owner financed purchases.
Buyers who know the time is right to buy a home but are not ready for a bank loan may be able to enter into a purchase and sale contract that defers the actual transfer of the property and allows the buyers to occupy the home as tenants. Some of the rent may be credited towards the purchase price which can be the current listing price or a purchase price agreed upon in the future. This lease to purchase option arrangement used to be popular when interest rates were much higher in the 80′s or when there was a flood of homes on the market in the 90′s.
Home owners who can offer seller financing or other forms of participation, for example installment sales, lease with option to buy and other vehicles, may be able to command an above market sale price or end up with higher proceeds when the interest income is added to the total.
Buyers should be aware of the fact that private financing terms usually come with above market interest rates and possibly higher required down payments to mitigate the sellers’ risk and make assumption of the additional risk more financially rewarding.
Based on information of MLS listings in NNEREN, the Northern New England Real Estate Network, Inc. for the period through May 3rd, 2009 these are the properties for sale in Londonderry New Hampshire that offer seller participation, special financing or purchase option terms:
BRING US AN OFFER! Quick closing available. Completely remodeled ranch style home ready for immediate occupancy with great lot and HUGE YARD. MOVE IN CONDITION! An open and spacious floorplan with big rooms, private master bath/entrance and too many new items to list. NOT A DRIVEBY! Agent interest.
Solid Home Offers Room For Everyone. Lots Of Updates To Include Windows, Roof, Siding, Huge Screen Porch, Water Filtration System, Doors, Well Pump, Septic,Kitch Has New Custom Tile Floor, Back Splash and Counter tops..Fresh Paint, Newer Appliances, All on 1+ Wooded Acre Lot. Welcome Home!!
2 Bedrooms 1 Total Bath 1,500 SqFt 3 Acres Built in 1970
GOT HORSES ! Rare find !This home sits on approximatly 3 acres of pasture land. Completly updated home is better than new! Great location to everthing. Kitchen with granite counter tops. Living room has gas fireplace plus a wood stove in basement.2 car attached garrage. Footings are in for a barn.see more new features on property disclosure line 10
related:
Bank owned properties in Rockingham County NH
Short sales, foreclosures in Londonderry NH
