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Future Payments or Cash Now...
Creative home sellers who offer seller financing to potential buyers can often
sell their houses more quickly (and at a higher price) in a slow market.
While applying seller financing techniques isn't more difficult than traditional
real estate sales, it is important to recognize that the buyers looking for
seller financing represent a different target market than typical bank-financed
customers.
Similarly, the process for obtaining a large cash payment for the seller after a
note is...
... Continued ...
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Different Demographic, Better Results
As explained in the last issue, seller financing can be an extremely useful
option to sell a house in a slow real estate market. Unconventional private
lending is a great way to increase the overall sales closing ratio. When the
property owner is willing to "carry back" a note, it is often possible to obtain
a higher selling price and reduce the time needed to find a buyer. Plus,
creating a note secured by real estate can give the seller a steady,
interest-generating income stream for their...
... Continued ...
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