Save some green

Don’t Just Go Green

(Save some too!)

 

Since its Founding in 1951, The Natures Conservatory

has conserved more than 117 million acres around the globe

including 250,000 acres in Arkansas.

Make a difference and help keep Arkansas the Natural State.

Learn how you can join

thousands of others in supporting The Nature Conservancy’s

work in Arkansas and in your state.

www.nature.org  

www.nature.org/arkansas

 

 

The “Woodies” are among a handful of duck species

that rely on holes in dead or dying trees to make

their nests. Some are natural openings from rotted knots

and split trunks; others are abandoned woodpecker holes.

It takes decades for nature to produce the right type

of nesting cavity that they need, but people can help.

Wood duck boxes have been used by conservation agencies

are largely responsible for the rebound of this species

of water fowl.

“Woodworking for Wildlife”is available for $6.50 from the

Arkansas Game and Fish Organization To order a copy

and learn how to build a multitude of wildlife homes

visit www.agfc.com

 

 

 

 

Is there an increased trend in owner financing?

It is no surprise that the banks have tightened their lending requirements. This has caused a situation of an increasing amount of people wanting to purchase a home but unable to secure a mortgage through conventional financing.

 

There are a lot of potential buyers that may be too risky for a bank to extend a loan due to for example, a prior bankruptcy in the past. However, many of these buyers have steady work histories, make good money and may be an acceptable credit risk for homeowners. Prospective buyers may be unable to get an affordable rate and may be a trusted friend or family member.

Also, there are not as many owners willing to finance which means less competition for the seller. Less competition means there is more opportunity to sell the home closer to the higher end of the market value.

Selling a real estate asset through owner finance can net a better return over the long term than putting the same amount of money in a bank and earning interest from it.

 

A person selling a home through owner financing arrangement essentially is in the position of the bank. So if the buyer fails to abide by the terms of the owner finance agreement, the owner will have to take action. However, agreements can be designed to protect the seller and minimize the potential of loss or foreclosure. Working with an attorney in drafting an owner finance agreement is essential.

 

Although sellers ultimately determine if owner financing is the right option for them, there is an increased desire and trend for properties sold with owner or private financing and some sellers may find it advantageous to cater to that trend.