I was referred to Dawna by a mutual friend when I started looking for my dream retirement beach house in Cayucos. Our journey together took three years with lots of looking and discussions to finally find me the perfect house. I can't thank Dawna and her amazing Executive Assistant Jodi for all of their patience, helpfulness and hard work on my quest to find the perfect home. Both Dawna and Jodi made me feel like they had all of the time in the world for me when I called with questions or concerns. Dawna is always cheerful and such a pleasure to work with. She is very responsive and extremely knowledgeable about the central coast. I highly recommend Davies Company Real Estate for all of your real estate needs. I wouldn't hesitate to use Dawna again and I did.... I used Dawna to sell my Paso Robles home after I purchased my new home. I once again found both Dawna and Jodi to be extremely professional and knowledgeable about the market. Dawna did a wonderful job of marketing my house and went above and beyond until it sold.
- Conventional lenders. Banks, credit unions, mortgage companies, insurance companies, government agencies including Farmers Home Administration and Cal Vet are all considered conventional lenders. Shop for the assortment of loans available that meet your needs.
- Existing loans. If documents are available, review the note and trust deed documents to see if you can assume the existing loan, take property subject to the loan, or wrap around it.
- Seller Financing. Many sellers like the potential interest income that they can get by carrying the financing for the buyer. Buyers enjoy the flexibility that this financing structure can give them. One possibility is that the seller can take a blanket loan on several properties owned by the buyer, take a first lien, second lien or other combinations of financing structured to meet both parties needs.
- Private Loan. Individuals lenders with available cash to invest or pension plans looking to diversify are good sources of funds to purchase property. Some companies specialize in private loans to developers using their development land or other property as security.
- Syndication. If the property is too big for one person, a group of investors who have the resources to pay cash for the property or can borrow against other assets. The group could be the property owner or the lender or some combination of both. The syndicator could ask for an option to purchase the property in the future after the investors had achieved their goals.