Lighting By Gregory
 

 

 For Sale By Owner 
FastFloors

 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

 Home mortgage rates and real estate news - CNNMoney.com 
  • Housing quagmire: Is it time to remove relief?
  • For the growing number of struggling homeowners in this country, more help is on the way. Additional aid from the federal government will begin making its way to them next month -- one program would help qualified homeowners refinance their mortgages after seeing their property values fall below the amount they owe, and the other includes another round of funding to help the unemployed or underemployed with their payments. more >>

  • A reward for responsible homeowners
  • The government has bailed out Wall Street firms, giant banks, creditors of Fannie Mae and Freddie Mac -- and is trying to bail out people who've defaulted or are about to default on their mortgages. But let's say you're a hardworking family that has done nothing wrong except buy a home when the housing bubble was at its peak a few years ago. Your mortgage is now way underwater, but you're still making payments because you want to stay in your home -- and you're actually honorable. You're paying for everyone else's bailout, but because you have no equity in your house, you can't refinance to take advantage of the ultra-low mortgage rates that Uncle Sam's bailout strategy has produced. To use the technical term, you're being screwed. more >>

  • Home prices gain 3.6% in past year
  • Despite a recent spate of bad news coming out of the housing industry, home prices show signs of stabilizing. more >>

  • Tips for getting homeowners insurance
  • 1. Loyalty is overrated more >>

  • America's most overvalued cities
  • Don't say we didn't warn you. more >>

  • Foreclosures: How bad is your state?
  • Surprise! Banks help more homeowners than Obama
  • Remember how everyone complained that banks weren't doing enough to help troubled borrowers? more >>

  • Remodeling your home? Get online
  • Home improvement is one of the fastest-growing segments of e-commerce. But the consequences of a bad decision when it comes to finding a contractor or remodeling products online are far worse than buying the wrong paperback. more >>

  • Say goodbye to the McMansion
  • The American home is shrinking. Toll the bell for the McMansion. more >>

  • Fewer mortgages are in default
  • Fewer mortgage borrowers are delinquent on their loan payments, according to the latest data from the Mortgage Bankers Association. more >>

  • Best moves for home buyers and sellers
  • Plenty of forces, from overly cautious lenders to inaccurate appraisals, are wrecking real estate deals right now. But one of the biggest roadblocks to getting a house sold these days is the disconnect between buyers and sellers. more >>

  • Housing's a wreck. Builders rally. Huh?
  • Stop me if you've heard this before. The housing market is still in shambles. more >>

  • New home sales drop 12.4%
  • New home sales unexpectedly fell in July to the lowest level on record as the housing market continued to suffer from the end of the homebuyer tax credit boost. more >>

  • Toll Brothers: First profit in 3 years
  • Homebuilder Toll Brothers made a profit last quarter -- its first in three years. And it largely has Uncle Sam's tax credits to thank for it. more >>

  • The latest real estate rip-off?
  • Would you be willing to pay the original builder a fee when you resell your home? That's an obligation some developers are trying to slap on homeowners in their communities. more >>

  • Plunging home sales could sink recovery
  • With home sales plunging to their lowest level in 15 years, economists warn that a double-dip in housing prices is just around the corner, threatening to further slow the overall recovery. more >>

  • 10-year yield at 19-month low
  • Treasury yields continued to fall Tuesday, with the yield on the benchmark 10-year note holding near a 19-month low, as a spate of dour economic news has driven investors into safer assets, like government-backed debt. more >>

  • Foreclosure program losing its punch
  • The president's signature foreclosure rescue plan is losing its punch, according to a federal report released Friday. more >>

  • 5 most affordable cities to buy a house
  • These are the five most affordable major metro areas in the nation for homebuyers and five markets where home prices are least affordable. more >>

  • Refinancing applications at 15-month high
  • Applications for mortgage refinancing hit a 15-month high last week as interest rates remained near historic lows, a mortgage bankers' group said Wednesday. more >>


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800.903.7172


 

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