I am first Time home buyer

[Satya Veer Bandaru]

Hello, wonderful community!

As I step into the realm of real estate as a first-time home buyer, I'm delving into the fascinating concept of subject-to (Subto) financing. This innovative approach seems promising, allowing buyers like me to acquire properties without the need for new financing upfront.

However, as I navigate this journey, I'm also curious about how the compensation for real estate agents works within the context of a Subto deal. Here are some questions and considerations I have:

1. Understanding Subto Financing: Can anyone provide a clear breakdown of Subto financing, particularly from the perspective of a first-time home buyer? What are the primary benefits and potential risks associated with this approach?
2. Realtor Compensation: In a Subto deal, how does the realtor get paid? Since the seller may not have enough equity to cover traditional commissions, what are some alternative arrangements or strategies that can ensure fair compensation for the realtor involved?
3. Legal and Ethical Considerations: What legal and ethical guidelines should both the buyer and the realtor be mindful of when structuring compensation within a Subto transaction? How can we ensure transparency and fairness for all parties involved?
4. Seeking Expert Advice: Are there any reputable resources, organizations, or professionals specializing in creative financing and real estate transactions who could guide this matter?
5. Real-Life Insights: If you've had experience with Subto deals or unique compensation structures for realtors, I'd love to hear about your experiences and any lessons learned. How did you navigate the compensation aspect while ensuring a successful transaction for all parties?
6. Tips and Best Practices: Lastly, any additional tips, best practices, or words of wisdom for a first-time home buyer exploring creative financing options and navigating the real estate market would be immensely valuable!

I deeply appreciate any insights, advice, or anecdotes that you can share to help me better understand Subto financing and navigate the compensation aspect for real estate professionals. Thank you all for your generosity and expertise!

Looking forward to your responses,

Satya

[Theresa Harris]

If you are looking at creative financing, get legal advice and make sure you have your ducks in a row.  Last thing you want is to find out you've been taken advantage of.