Tuesday
Jun192012

How to sell Realty when Realty isn't selling!

In today's market, one of the BEST financing tools is for sellers to finance buyers.

Did you know that every buyer in every market place could get a loan today? It's almost true and is possible with a special kind of financing! 

When a property seller exchanges the deed to a new buyer for cash and a note payable secured by a mortgage or trust deed, THERE IS NO BANK OR MORTGAGE COMPANY INVOLVED. It is legal under most circumstances, and when the buyer and seller get help from trusted professionals like title and escrow and possibly even a competent attorney, this financing can be done through escrow in a matter of a few weeks.

Most real estate deals involve a seller making a buyers go to a bank or mortgage company and bring them the cash for the sales price. The bank of mortgage company then "holds the mortgage", the seller walks away with the cash and the buyer makes monthly payments to the bank. 

Unfortunately in 2011, many buyers cannot qualify under normal terms. Hence the need for seller or owner financing. 

With this type the seller becomes  the bank!

In many ways, Seller or Owner financing is the BEST way to sell Real estate for the most benefits to all parties! 

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