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Feature Home - USE AS INVESTMENT PROPERTY

$100,900

Photo of 909 Carla Kay, Belton, TX, 76513.

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Address: 909 Carla Kay	City/ST: Belton, TX	Zip Code: 76513
Location: 909 Carla Kay	Property Type: Single Family Home	New or Resale: Resale
Square Footage: 1218	Bedrooms: 3	Bathrooms: 2
MLS# 85856

Cute 3BR, 2BA in South Belton. Built in 2008. Call for an appointment to see the inside.

Last Updated: 8/13/2010 4:01:28 PM

Listing Agent and Office: Jennifer Jones, Covington Real Estate, Inc.

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Financing Your Home >Owner Financing

If you are selling a house in which you have a lot of equity, and you don't need that equity to buy a new home, an owner-financing agreement may benefit you and your buyers.

Seller financing arrangements usually involve the buyers securing the largest portion of their purchase money from a mortgage company and getting a smaller second loan from the sellers. For example, they may finance 75% from a lender, put in 15% from savings, and ask the sellers to finance the remaining amount. The terms and interest rates on seller carry-backs are negotiated on a case-by-case basis.

Sellers may be able to negotiate a note that provides a better return on their money than 1-to-5 year CD's or treasury notes. They should ensure that the note protects them to the fullest. Use common sense when considering such a loan, and verify the buyers' income, credit history, and job stability before making your final decision.

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Q	What is the legal term used to describe the right of the U. S. government to condemn private land for public use?
A	Right of Eminent Domain allows the government to confiscate private land by paying full market value for the property.
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Covington Real Estate Team, REALTOR�, real estate agents and broker for Belton, Temple and Salado, Texas home listings, property and land for sale - NUMBER1EXPERT

Covington Real Estate Team
Covington Real Estate
2324 N. Main St.
Belton, TX. 76513
254 939-3800
877 711-3800
Fax: 254 939-3232
Email: covington@number1expert.com
Terri Covington, owner, established Covington Real Estate in 2003 after being a top producer for a franchise office for several years. Realtors affiliated with Covington are involved in the local community, including chambers of commerce, school district committees, local government, churches, and universities. Many of the agents serve in leadership with the Temple-Belton Board of REALTORS and the Texas Association of REALTORS. Terri shares, "God has blessed me with a wonderful organization of highly ethical and hard working REALTORS. We are like family and work together to get results for our clients." Being an independent office has afforded Covington clients flexibility in marketing and buying strategies. "We try to stay fresh in our marketing ideas and up to date with our education and negotiating skills." commented owner, Terri Covington.

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