Listing Question- Assumable Loan

Ham Slice MRE

Joined: May 22, 2002

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6:02p, 4/5/24

AG

Real estate pros:
Is there a rule against marketing the fact that a property has an assumable loan? I am getting some resistance from my agent on this and they have now included the info but buried in the realtor notes. I was hoping that it would be a highlight of the listing.

regularjoe

Joined: Feb 15, 2021

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7:10p, 4/5/24

AG

I am not aware any such rule. I agree that an assumable loan is a great marketing aspect of the potential transaction. TREC has a promulgated form for assumable loans that would be an addendum to the real estate contract.

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Jay@AgsReward.com

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In reply to Ham Slice MRE • 7:45p, 4/5/24

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AG

No rule, and assuming it is a FHA, VA or USDA loan (conventional loans are not assumable) no reason not advertise it.

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Ham Slice MRE

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8:28p, 4/5/24

AG

Thanks, ai will have to talk to my agent and see what the issue is. Maybe an old rule?

ukbb2003

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10:47p, 4/5/24

On realtor.com, they actually have a filter toggle switch to show homes with assumable mortgages.

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Red Pear Realty

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In reply to Ham Slice MRE • 12:44p, 4/6/24

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I've sold three homes with assumable loans in the last year and I have a seller agreement signed for a fourth one this summer. We marketed the piss out of all three and got great outcomes because of that. No way I would list one with that HUGE bonus and then not mention it.

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