It's no secret our economy, particularly in the housing market in turmoil. Ten percent or more Americans are unemployed. Nobody has not even compiled statistics on the number of people who survived the drastic reduction in revenue. More than 5 million homes were excluded and more are still expected to be as people simply walk away from upside-down situation. The real estate market at a national level is about 12 month supply, which means it will be property owners who do not pose a significant price drop on their competition, a full year on sale.
Does that fit your time frame?
Are you willing and able, or to drastically reduce the price that will make you a customer?
pressure on prices, customers simply hold back and unable to secure traditional financing creates extreme competition for the limited number of customers who are out there. You can, however - For Sale By Owner Seller - you can create your own competitive advantage in their markets, their liquidity, and
get top dollar for the sale by offering Seller Financing!
Why is sold without the assistance or Real Estate Agent?
1) You want to keep all the proceeds from the sale, and not to pay 6% commission agent.
2) You are familiar with the process, perhaps an agent yourself and do not necessarily need the help of an agent
3) You just do not like real estate agents
4) You are trying to get out of bad situations, perhaps very close to the upside and there simply is not enough equity to pay commissions
5) want to keep all revenues from the sale of
Regardless of the explanation for FSBO fact of the matter, it is a very strong buyers market, but only a limited number of buyers and sellers for the competition to attract them fierce. They are bargain hunters, and with so many foreclosure and short sale opportunities are not taking any interest in a full or nearly full value of the property purchase price.
3 magic words to create a Fresh New Market
By adding these three words, "Seller Financing Available" or "Owner will carry" - your ad, you have the potential to pull in as much as 20% more potential buyers, that your competition is turning. There will be plenty of customers for many different reasons, can not secure traditional financing they need to want to buy. Customers who have the money, the desire to purchase, and many who have a decent very good credit. These customers are now searching high and low for 3 magic words that could allow them to purchase property, your, they are looking for. Include these words in the ad and the phone will start ringing again.
What do these words mean 3
Seller financing available, or the owner will deal simply means that it will act as a bank. Without money from your pocket, you will loan the buyer money they need to buy a home or any other kind of property you are trying to sell it as the strategy works for any type of property, or even for prodajuposlovanja. This is how it works. You and your buyer will create conditions that are agreeable to you both. You can set these conditions in any way you want - no restrictions. Everything, including but not limited to interest rates, down payment, length of repayment terms, balloon payments, monthly payments, special clauses, even selling price is negotiable. Then you make, or have them draw up a lawyer, suggested that high-contracts and the all important "Mortgage Note". These are legally binding documents, your customer agrees to pay according to the conditions set forth therein. It's really that simple. After that close the transaction just like any other real estate transactions by company name, a given contract.
How can this help you with your real estate
I have already pointed out just offering seller finance will help you get a big advantage over the competition by bringing in more potential customers tapping into virtually untapped resource. Seller financing can also provide the vendor with these additional benefits: 1) Get Your asking price - maybe even more , regardless of current market conditions around him 2) Close Quick 3) Get Cash Close to 4) Defer capital gains taxes to net income will be exposed, thus creating the potential for you to keep more of it 5) Create a positive cash flow for your future 6) have the availability to get a lump sum of money at any time 7) Make a total Higher net profits from your sales I'm sure at one time or another all of these "benefits" must be taken into account in relation to property sales, although some of them such as capital gains tax should not be viewed as a real benefit. Seller financing is added a positive spin each of these factors, each owner must consider when selling.
Tips to help you
There are still many questions to be answered should you choose this strategy could work well for many of you May even still have doubts about the offer seller financing. It is strongly recommended to hire a real estate attorney to help answer these questions and quell any doubts or concerns you still have. Retainer fee will be well worth it, and really not all that much compared to the benefits and increased profit potential. It is also strongly recommended to include the help of a reputable mortgage note service. While a lawyer can help you with all the legal aspects, to advise you of the pitfalls and benefits, and draw up contracts and documents for you, May they not be very useful in the actual structuring the deal. This is where the Note Service can help. Depending on your individual needs and what your ultimate goals, the way you structure the deal may be amended, interfere with or possibly even negate their final rezultate.Iskusni mortgage professionals in mind can help guide you through your customer negotiations and help you generate sales conditions that will represent your ultimate goals. You do not want to find out too late after you've created something that limits the full potential of your sale owner carry.
Shhh-I've Got a Secret for you
Seller Financing / Owner Carry Financing your FSBO - can put a lot more money in your pocket than a traditional real estate sales, and help you to do it faster
.
-banks do not want to know who-it! No Real Estate Agents - so keep quiet and tell everybody
