PRICING INFORMATION - PRIVATE/OWNER FINANCING

Pricing Information - Owner Financing

From EquityQuest’s point of view, the main difference between owner/private financing and Bank financing is that only Banks require a General Contractor for the entirety of the project.

This gives customers with owner/private financing incredible flexibility. When a bank is not involved, a homeowner does not need to hire EquityQuest as a general contractor for the entire project. They can hire EquityQuest for a limited scope.

For example, a homeowner wants to do their own site work, then have EquityQuest come in and do the structure shell (foundation through drywall). Once the shell is complete, EquityQuest would be done and the owner would complete the rest of the work. EquityQuest would write a contract that only included the costs and associated Builder Fee for the work on the shell only. There is no need for the contract and Builder Fee to cover the rest of the project because EquityQuest is not the General Contractor and not contractually responsible for items outside their limited contract scope.

If you have a project with owner or private financing, feel free to contact us. We can help you talk through your options and possibly save you money.