Yes, seller Financing can be the answer. It is a very powerful tool. When you show people that you can help them buy your house, you make your property more attractive to them and significantly increase the number of available buyers!!!!
Since seller financing can be structured in a so many different ways, you possess a good deal of flexibility to deal with a variety of potential buyers. The seller carryback note can be fully amortized with no balloon payment, it can be amortized over a number of years e.g. 30 years with a balloon payment in 5 or 10 years, it can be an interest only arrangement with a balloon payment at a predetermined point. These are only a few of your options.
Simultaneous Closing - The Answer To How You Can Seller Finance and Still Get Your Cash At Closing
- Having trouble selling your property?
- Attracting only buyers who can't qualify for a loan?
- Feeling pressured to reduce your price again and again?
- Worried you won't have the money you need to close the purchase of your next property now that the real estate market has slowed?
Notes
Purchased Nationwide
What You Need To Know
To Sell Your House Fast
Simply stated, simultaneous closing means that during the closing at an escrow or title company or attorney's office, two separate closing transactions happen at the same time.
Here's how it works:
- You advertise your property indicating that seller financing is available with no points and no qualifying.
- You sell your property at full appraised value.
- A mortgage note is created.
- A note buyer buys the mortgage note.
- You receive your money at the closing and the note buyer takes over the mortgage note.
Benefits To The Seller:
- Ability to ask a higher price and attract more buyers because the buyer doesn't have to meet stringent financing guidelines nor pay points.
- Ability to choose to defer some of the gain by taking only part of the proceeds now and part later.
- A safe investment secured by real property
- Sell payments as necessary to meet financial needs
Benefits To The Home Buyer:
- Ability to buy a home with less than perfect credit
- No excessive bank points and escrow fees
- Lower cash down payment than would be required with conventional financing
- More flexible payment schedule - increasing payments over time as salary goes up
- Ability to purchase more of a house because of flexible financing
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Get all the knowledge you need to implement this powerful technique in HOW TO SELL YOUR HOME FAST IN GOOD OR BAD MARKETS. And remember......
you also get my support.
The strategy that I want to tell you about will help you to produce an all cash sale at appraised value in just two weeks. Although, surprisingly the strategy is rarely used, What you are about to learn is that you are actually blocking people from buying your house. The problem isn't your house, the problem is financing and good buyers get turned down all the time by banks. Buyers, who have no problem coming up with the down payment.
Part of the "secret sales weapon" is owner financing. I know what you're thinking - I want cash!!!! Well, stick with me and I will show you how to get cash at closing while still offering owner financing. Read on.