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This lovely traditional 3-bedroom 2 bath home features an efficient floor plan, abundant natural light, and spacious yard. Located just minutes from North Star Mall, with easy access to Loop 410, this home offers both comfort and convenience for commuters and shoppers alike. Highlights include:
- Cozy living area and bright Kitchen - Neutral colors throughout - Large backyard with mature trees - Quiet, well-established neighborhood - Walkable to shopping, dining, and schools
This is For Sale By Owner property with Seller Finance terms. These are our initial terms, open of course to a counter.
$260,000 Price
10% Down
30 amortization
7% interest
5 year balloon.
Advantages of buying For Sale By Owner: Potential Cost Savings No listing agent commission. Direct Communication with Seller Faster negotiations More Flexibility Negotiable terms. Creative deal structures. Personal Touch, Better rapport.
Advantages of buying with Seller Finance terms: >/P 1. Easier Qualification No bank approval required: You avoid the lengthy and strict loan approval process required by traditional lenders. Ideal if you’re self-employed, have non-traditional income, or are rebuilding your credit. 2. Faster Closing Close in days, not weeks: With no lender underwriting, appraisals, or delays, you can close quickly—often within a week. 3. Flexible Terms Negotiable interest rates: You and the seller can agree on terms that work for both parties—possibly below market rate. Custom payment plans: You can structure interest-only payments, balloon payments, or even deferred payments to match your cash flow. 4. Lower Closing Costs Fewer fees: No lender fees, points, or origination costs mean substantial savings. Less red tape also means less spent on paperwork, inspections, or appraisals (unless you choose to do them). 5. Investment Leverage Preserve capital: You may be able to buy with a lower down payment, leaving more of your funds available for renovations, reserves, or additional deals. 6. Ideal for Creative Deal Structures Substitution of collateral: Advanced investors can sometimes negotiate to release or substitute properties as collateral. Wraparound mortgages or land contracts: You can build in equity or cash flow from day one, especially if the property is already income-producing. 7. Possible Tax Benefits for Seller Because seller financing can reduce the seller’s immediate capital gains taxes, they may be more willing to offer attractive terms—especially older owners or estates.
Procedures for FSBO and Seller Finance terms We follow all protocols in accordance with the Texas Property Code Including ensuring the property title is clean and verify existing liens. Title and escrow are handled professionally to avoid liability. Use a real estate attorney or escrow company to formalize terms, record the deed of trust, and protect both parties.
Loan quote