Owner financing for qualified buyers is dependent on each seller's terms and requirements. The purchase transaction will have a traditional closing with approximately 7% to 9% of the purchase price paid by the seller at closing for his/her upfront expenses. These seller costs include the commission paid to the real estate companies, and seller closing costs for the title and such. Typically, the down payment below is needed to cover those upfront costs before the seller sees anything toward the sale. The most common terms set by the majority of sellers are as follows:
20% or higher down payment • 3-5 year balloon • 5% to 6% interest rate • 30 year amortization
Address: 333 Beach Blvd #702
Gulf Shores, AL 36542
Property Type: Condo/Town Home
Information is provided in part by either the Birmingham Area Multiple Listing Service;
the IDX Program of the Multiple Listing Sevice, Inc. of the Montgomery Area Association of
Realtors® Inc.; the North Alabama Real Estate Information System (NARIS); the Broker Reciprocity Program of the West Alabama
Multiple Listing Service, Inc; the Gulf Coast MLS; the MLS Inc. of the Phenix City Board of Realtors®;
the IDX program of the Baldwin County Association of Realtors® MLS, the Lake Martin Area Association of
Realtors® (LMAAR) MLS, the Lee County Association of REALTORS® or the Columbus (GA) Board of Realtors.
Copyright Birmingham Area Multiple Listing Service, West Alabama Multiple Listing Service, the
MLS Inc. of the Montgomery Area Association of REALTORS® Inc., NARIS Regional MLS, the Gulf Coast MLS,
the MLS Inc. of the Phenix City Board of Realtors®, BCAR MLS, LMAAR MLS, the Lee County Association of REALTORS®
and the Columbus (GA) Board of Realtors 2016.
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RE/MAX Alabama are responsibile for the timeliness or accuracy of
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solely for the private non-commercial purpose of identifying a property
in which the recipient has a good faith interest in acquiring.