A: The next step is to sign a Purchase Agreement.  Once we both sign, the agreement will be sent over to the title company to start working on the closing documents. 

We provide in-house financing, meaning we are the lender and you are the borrower.  After we close, you make payments just like if you bought the property using Wells Fargo or a traditional lender.     

We use several different title companies.  We typically use a title company closest to the property.  

We use a title company to handle each transaction and to protect everyone's interest in the transaction.  We can't steal your money because all money goes to the title company.  We never collect a dime from you.       

Typically, the buyer pays for all the closing costs in an owner financing transaction.  

We use the "Unimproved Property Contract" provided by the Texas Real Estate Commission (TREC).  Click here for a copy.   

Yes, your property taxes are escrowed with each monthly payment.  At the end of the year, your property taxes will be paid with your escrow account. If there is a shortage, we will let you know.