Would you rather have $97,000 to sell your $100,000 note or only $80,000? The difference in usually comes down to the big three. Here’s the three biggest mistakes note sellers make and how to avoid flushing money down the drain. Mistake #1 -- Failing to Check Credit The payer's credit report lets you know how timely they have paid bills in the past. This is a good indicator of how they will pay … [Read more...]
Seller Financing – How Much Can The Buyer Afford?
Many sellers accept owner financing without any idea of how much the buyer can actually afford to pay. The last thing a seller wants is to stress over receiving monthly payments or worse, getting the property back through foreclosure. 3 Ways to Calculate Payment Affordability Before Accepting Seller Financing The amount a buyer can afford to spend on a house depends on their income, overall debt, … [Read more...]
Sell Property Fast With Owner Financing
When a property isn’t selling most real estate agents are quick to suggest a reduction to the sales price. It is common to see the tag line “Price Reduced†added to for sale signs, listings and ads. Rather than just reducing price... consider offering owner financing to sell a property quickly! In today’s real estate market obtaining a mortgage can be a large stumbling block to home … [Read more...]
Safe Seller Financing Tips
It’s a tough time to sell a house. Hoping to stand out from the crowd, sellers are advertising "Owner Will Finance!" Accepting payments over time provides buyers an alternative to bank financing. Of course sellers don’t want to trade a house that won’t sell for a buyer that won’t pay. Before you agree to "Be the Bank" read these 7 Tips For Safe Seller Financing! … [Read more...]
