“Owner Financed” why and how to

There are lots of reasons someone would offer to owner finance a property:

  • Owner collects the interest instead of the bank
  • No required appraisal or lender required repairs
  • Easier to ‘qualify’ for the buyer
  • It won’t pass lender health & safety issues

But there are some hidden dangers for the buyer, so if you are considering an owner finance do not buy anything that is done with ‘Quit Claim Deed’.  Make sure to use a reputable title company to ensure ‘Warranty Deed’ (call me, I can recommend one), a licensed escrow agency, and be sure that reconveyance documents are signed at the time of sale to be held by the title or escrow company.

A contract for sale where title is transferred at payoff leaves a buyer vulnerable, as liens can be attached to the property (think IRS or Child Support) or the owner could pass away before title is transferred.

I personally buy and sell using owner finance options, but I also have spent a lot of time clearing title on properties that were done incorrectly with Quit Claim Deeds.  Feel free to call me if you have any questions about owner financing your property, or buying an owner finance.


How to stop a toilet from overflowing

toilet-insideA toilet works by gravity: The water in the tank—just enough to fill  the bowl—drops down and pushes waste through the drain. The float drops, opening a valve that lets in water to refill the bowl and the tank simultaneously. The valve closes when the float rises far enough to shut off the water.

If the water from the tank can’t leave the bowl fast enough, then the refill will spill over. To stop the refill action, take off the top of the tank, grab the float, and pull it up to close the valve. That should give you time to reach down and shut off the water, or at least wait for some of the water in the bowl to drain.

A great book for homeowners is The Black & Decker Complete Guide to Plumbing for Homeowners, available on Amazon. It covers simple repairs like changing a faucet, Codes, how to install Pex, and is a wealth of information.


Nome Sweet Homes for pets

I recently stumbled upon an article discussing ways to build your house to be more suitable for your pets. The article discussed small features in homes to enable cats to better travel through the house. These types of modifications appear rather simple and fun.

Maybe architecturally changing a home to fit a pet is a step too far?
If so, how about other modifications to the home? I know I have seen the plywood ‘cover’ on parts of the step grates to make it more gentle on Rover’s paws.

I built my bed extremely high off the ground so my 80 pound husky would have a cozy ‘cubby’ for sleeping.

Have you tried any modifications that have failed? Succeeded? Would you consider architectural modifications to your home in order to make it more suitable for your pet?