Do you have a property that has not sold?
Any buyers that can't qualify?
We can help you sell a property, at full price, in 2 - 3 weeks!
It is a well known fact that For Sale By Owner and owner financing sells properties fast . . . especially with properties or prospective buyers that do not conform to traditional lending / mortgage requirements . . . however, the typical property seller does not want to collect monthly payments . . . and needs cash at closing . . . to pay off the existing mortgage, cover all closing costs, to purchase another property, or for any number of other reasons.
Sellers need cash fast and we can help!
It is important to note that we are not "lenders" and cannot create or originate loans. We pay cash for existing real estate notes and that is why the seller will use Temporary Owner Financing or the For Sale By Owner strategy to first create the note.
Example: Sales Price (appraised value) = $100,000. 10% down ($10,000) and a 90% First Mortgage Note ($90,000) @ 9.0% interest for 360 months. Monthly payment would be $756.77 (P+I). Remember . . . we are going to pay cash for this note for approximately $82,500 . . . add the cash down payment and seller gets a total $92,500 . . . less realtor commission and normal closing costs to cover appraisal and title work.
Benefits to the Buyer & Seller!
The seller gets cash fast and at top price (appraised value) . . . the small discount is often much less than the "price reduction and other concessions" that sellers often have to provide to buyers in order to get the deal done. The buyer gets a property that they otherwise couldn't get!!
This is a very flexible approach! We can create and structure a note in a wide variety of unique ways to meet varying buyer / seller needs. And while most sellers will need / want to get all their cash out right away . . . we can also accommodate the seller who just wants to get some cash now . . . and the rest at some point in the future. This is called a partial conversion, and often provides the greatest overall return to the seller.
With our owner finance strategy, there are more prospects . . . with less hassle . . . and, we close much faster! Once the buyer is under contract, and we have the required paper work . . . we can usually close and fund in 7 - 10 working days, or less! Not 30-60-90 days!
Lower closing costs! . . . No junk fees! . . . No points! . . . No loan origination fees! The primary closing costs are simply the normal cost of an appraisal ($300 - $400) and title work (+/- $1000) + processing / legal fee ($200 - $300) charged by title company to create the required paperwork and Realtor Commission. These fees can usually be split by the buyer and seller.
You get all the above . . . on a deal that did not work with conventional financing. We can do these deals all day long, nationwide. Let us help you close more deals . . . every month!
Owner Financing is a win-win strategy for quickly selling a property for top dollar! If you want to discuss a specific property and how this strategy can help you . . . please call me to explore our service and possible next steps. We solve problems! We get deals done! Call me anytime! Evenings and weekends are OK!
800.903.7172