Sell Your House Quicker and For More Money

Posted on July 1, 2008 by Barry Goldberg

Being willing to carry back a note on your property, precluding the buyer from having to get bank financing, can be a powerful tool. It can get you a higher price for your home and a quicker sale. In today’s real estate market, this can make the difference between your house languishing on the market for months on end, and finding a buyer and moving on with your life.

Then you have 2 choices:

  • Keep making payments on your current mortgage and retain the difference between what you owe every month, and what you are collecting on the note. You’ve created cash flow for yourself.
  • Sell all or part of the created note. Pay off the mortgage and use the balance for whatever needs you have.

Creating the note properly is the key to getting the most value for this cash flow. Interest rate and the term of the note are very important.

Consult with a professional, or do your research beforehand. A note can be created and sold at the same time if handled properly. It’s worth looking into.

Tags: , , , ,

Consider owner financing to sell your home.

Posted on June 27, 2008 by Barry Goldberg

Are you thinking about selling, or do you need to sell your home in today’s market?

  • Do you have equity in the property?
  • Is the property sitting there not selling?
  • Do you have a buyer, but they can’t get a loan?

Consider seller financing (carrying paper, seller carry back). It may be the best way to adapt to the current climate in the real estate market.

  • A seller can get dollar for his property and close in 2 to 4 weeks, instead of languishing on the market for months unsold.
  • A buyer can acquire a home or investment for himself or his family without the pain of having to deal with crippled banks or mortgage companies.

The owner financed note or mortgage that you create can then be sold to an investor looking for cash flow. You get the money you need to pay off your mortgage or move on with your life. You can also collect the monthly payments yourself and keep the profits.

Both buyers and sellers benefit regardless of market conditions.

Tags: , , , , ,