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Seller Financing

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Seller Financing

Seller financing may be an option for Buyers of real estate who are unable to pay cash for a property. If this is the case, some Sellers may consider financing the sale.

As the buyer is borrowing from the seller, the buyer avoids using a bank or conventional mortgage lender. This may be more cost effective for the buyer.

When providing seller financing, sellers are often able to close quickly.

The legal documents needed for Seller Financing are:

  1. Promissory Note – this document is the Buyer’s promise to pay for the property
  2. Deed of Trust – this document gives the Seller a lien on the property
  3. Warranty Deed – this document transfer the property to the Buyer

If the Buyer fails to make payments, the Seller has the right to Foreclose the lien securing the property.

Alternatively, the Buyer may agree to transfer the property back to the Seller using and Deed in Lieu of Foreclosure.

Owner Financing Real Estate

Owner financing is an alternative term used for seller financing. As the term may imply, the person who is selling the property (the owner) finances the sale.

A financing transaction can be complicated. When owner financing real estate, it is important to have an experienced real estate attorney ensure the transaction is properly structured.

Some points to include when proceeding with a seller-financed sale:

  • The Seller and Buyer must agree on the purchase price and down payment.
  • The unpaid part of the sales price is financed over a period of months or years.
  • The Buyer’s promise to pay for the property is secured by a lien on the property.
  • The Buyer makes payments to the Seller until the purchase price has been paid in full.
  • Once the loan has been paid in full, Seller releases the lien securing the promise.

Contract for Deed

Sellers sometimes use a Contract for Deed to sell property to a buyer who is unable to purchase with cash or who does not qualify for a mortgage through a bank or mortgage company.

Good to know: Because of years of ample abuse by sellers, Contracts for Deed are not favored under Texas law. It is recommended that Seller or Buyer NOT use this form of financing.

To get started on Seller Financing documents, please provide the following information:

Contact Person




Seller’s Information





Buyer’s Information





Financing Information







Address of property being financed






In order to limit seller abuses, Texas legislature has passed numerous regulations governing Contracts for Deed. It is very difficult for sellers to enter into these contracts while remaining compliant under the law.

Instead, the recommended method to provide seller financing is using a Warranty Deed, Promissory Note and Deed of Trust.

Texas Property Deeds prepares the three documents needed for Seller Financing for $600.00

Texas Property Deeds, all documents are prepared by a Texas licensed attorney Board Certified by the Texas Board of Legal Specialization in Residential Real Estate Law.

Do you have questions about Seller Financing documents? Call and speak directly with attorney Scott Steinbach at 972-960-1850.

Texas Property Deeds is a service of The Steinbach Law Firm.

The Steinbach Law Firm prepares all documents for any real estate transaction in Texas.

Board Certified
American Bar Association
State Bar of Texas
Dallas Bar Association
AV Preeminent

Our service stands above the rest offering you:

  • Your document will be prepared by a Texas licensed attorney, Board Certified in Residential Real Estate Law.
  • All property records verified and confirmed.
  • Pay for your deed securely online.
  • $195 for most deeds.
  • Same day preparation.
  • As part of our service and for no additional fee, you may speak directly with an attorney if you have any questions.

Questions? Call Us!

  • Your document will be prepared by a Texas licensed attorney, Board Certified in Residential Real Estate Law.
  • Same day preparation.
  • All property records verified and confirmed.
  • Pay for your deed securely online.
  • As part of our service and for no additional fee, you may speak directly with an attorney if you have any questions.
  • $195 for most deeds.

Questions? Call Us!

Texas Property Deeds prepares documents for title transfers for any Texas real estate property.

Call attorney Scott Steinbach at 972-960-1850.
Email: SteinbachLaw@airmail.net

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