Owner Finance Boiling Springs Home
by Rob on October 2, 2009
in Boiling Springs Home Buyers, Search Boiling Springs Homes For Sale
As many Boiling Springs and Spartanburg homeowners face foreclosure or damaged credit for a variety of reasons sellers offering owner financing is becoming more and more common. Owner financed homes in Boiling Springs range from expensive luxury homes to affordable simple homes to everything in between.
I’d like to highlight one Boiling Springs Owner Financed home here:
1088 Wilkins Ford Road, Inman, SC
For just a $467/month payment that INCLUDES your principle, interest, taxes, and insurance, you can own a 2 bedroom 1 bath home on 1 acre with a large shed equipped with electric. At a cost this low it rarely makes sense to rent and have nothing left to show for your money at the end of the month. By owning and financing your own home part of each payment goes to payoff the amount owed on the home. This is called your principle payoff. If you decide to sell the home at some point you can pocket the difference between what you sold the home for and what you still owe on the property. This is called realized equity.
Kitchen of Inman Owner Financed Home
For this Boiling Springs Owner Financed Home, or should we say Inman Owner Financed Home the land alone is worth at least half the selling price. It is 1.01 acres of level, flat land. Water and electric utilities are already run to the land and a septic tank is already installed. These are costs often not thought about but connecting water service to your land can be thousands of dollars alone.
If your tired of paying rent but have credit problems or just keeping a budget consider this home before it is gone. Oh yea, and owner financed homes also qualify for the First Time Home Buyers Tax Credit set to run out on 11/30/09. Call me for help in finding an owner financed home in any price range. Search for homes in Boiling Springs SC here.
Kitchen and Living Area
Living Area
Exterior of Home with Out Building with electric
Shed with Electric can be a Work Shop
Large Deck looks at Mountain View
View from Large Deck
