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 
More than 40 states have signed on to a draft deal settling claims of improper mortgage servicing that's aimed at relieving homeowners struggling with loans bigger than their home's value.
States have until late Monday to agree to the latest draft deal aimed at relieving homeowners struggling with mortgages bigger than their home's value.
Lean times call for budgetary triage. But while you should clearly opt for orthodontics before Disneyland, the choice is tougher when it comes to home maintenance.
Just one day after President Obama detailed a proposal to enable millions of homeowners to refinance to record-low mortgage rates, those rates notched another record.
The Obama administration on Wednesday detailed its latest plan to help millions of homeowners refinance their mortgages to today's historically-low rates.
Florida's cities were some of the hardest hit by the housing bust, but now they are leading the charge back. Of Realtor.com's top 10 turnaround towns, eight are in the Sunshine State.
You'd think that investors would be leery of companies that own and manage commercial real estate. Vacancy rates remain elevated in office buildings and shopping centers. Except for apartment buildings, rents really haven't grown at all in four years. And given the possibility that the global economy may retrench yet again, things could still get worse before they get better.
Laurie Goodman is an apolitical number cruncher who has spent most of her 28-year career out of the public view, studying the minutiae of mortgage-backed securities (MBS) for big investment banks. She's long been a star among Wall Street insiders, however. She holds the record for the most top rankings for fixed-in-come research from the trade bible Institutional Investor.
Investors are racing into REITs that promise higher yields than equity REITs. But be forewarned, the higher yields of these other types of real estate vehicles come with very real risks.
Between slumping prices and low mortgage rates, it's a good time to look for real estate bargains. But thanks to tightened lending standards, legions of young would-be homebuyers aren't exactly in a position to take advantage of the opportunity. That's where their parents come in: One in three first-time buyers received either a gift or a loan from their families to help buy a home in 2011, according to the National Association of Realtors.
Home prices posted a steep, month-over-month drop in November, falling 1.3%, according to the latest S&P;/Case-Shiller 20-city report. Prices fell in 19 of the 20 cities the index covers.
FORTUNE -- Over the past few months, a spate of good news about the U.S. housing market has led some to think a recovery is finally on the horizon.
President Obama's latest probe into the mortgage meltdown will have more power than past efforts, and federal officials say it won't derail a possible $20 billion settlement for underwater and foreclosed homeowners.
The Obama administration is taking another swing at improving its main foreclosure prevention program.
Just 302,000 new homes were sold in 2011, 6.2% below 2010 and the lowest number of annual sales since the government started tracking home sales in 1963.
Out of all of the presidential candidates, former Massachusetts Governor Mitt Romney owns the most real estate -- even after unloading a couple of sizable properties.
Sales of homes in foreclosure comprised 20% of all U.S. residential sales during the third quarter, according to RealtyTrac.
A new special task force to investigate and prosecute those responsible for bad mortgages during the housing boom will be part of President Obama's 2012 agenda.

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800.903.7172


 

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