Cashin' in on Realestate Contracts

For Sale By Owner

Seller Financing is vastly overlooked when it comes to selling a home faster. For Sale By Owner houses can sell at a much better rate, many people don't know that they have that option when it comes to selling their homes. It seems to be a growing trend, if you ever look on For Sale by Owner. com sites you will see what I mean. You may shy from the concept of For Sale By Owner because you are worried about the buyer not keeping up their end of the deal even though you have gone through a title company, however, there is a solution to that. Did you know that you can sell the real estate contract that you create when you sell your own home? So not only would you have sold your home by your own standards and decisions, but you don't have to get monthly payments either. Meaning that if you sell your real estate contract to an investor like us, you get a lump sum of cash and don't have to worry about foreclosure if your customer backs out.  You would have sold your home, made your cash and will be able to go on vacation, buy a new home, pay off some bills, etc. My husband and I can get you money for your real estate contract, if we can't buy it, we work work with over 300 investors.

There are plenty of pluses to this option, you can come up with your own deal, not the bank. And because you are setting the rules and not going by what a mortgage company decides you also open yourself up to a much larger market of customers. You set the standard, come up with your contract and go to the title company when you have a buying customer. You can cut out fees for real estate agents, so there is more money in your pocket. What's more, many people are having to make drastic price deductions on their homes because the mortgage companies aren't finding customers that "qualify" for your their price. When selling your own home there other options than price deduction.

Did you know many people can't get qualified to by a home simply because they have "new credit"? I have to tell you right now that even after almost ten years of established good credit our credit was still considered new. There was nothing wrong with our payment history, we were never late on a payment, but the credit companies still considered us to be "new", therefore it was harder for us to get qualified for a home, even though my husband and I had made enough money. Because we were a "young" couple and not in our 40's with kids in high school we were considered, yep you guessed it, "new". There are so many reasons that are somewhat ridiculous as to why people do not qualify for certain price ranges on homes, vehicles, if you can finance it you can find a reliable person who just can't meet financing standards.

Think it over. If you like what you see contact us through the e-mail link on this blog, if you still want more information check out our website Cash for Cash Flows.

For Now,

Lauri

Economy Slows

This is a post I have moved from our personal blog. It was written in Sept. of 2006.

The prices of homes on the market are getting lower. What does this mean for you? Well, that depends on who you are, the buyer, or the seller.

For the buyer this is good news, many of you may have been a) broke or b) having trouble getting financed on high prices, or perhaps both. There is always the possibility of asking about creating a note to help you buy the house, meaning that you finance the house for what you can and ask the  owner to finance the rest (Keeping in mind that you should only do this if you have the ability to pay the amount needed) and you would be making a main payment to the mortgage company and a smaller (case sensitive) payment to the seller. Just a thought. This is a good suggestion for those of you who have a good credit score and can afford the price of the home but have newer credit. One of the factors of the amount you can be financed for depends on how long you have established your credit, so you may make enough but be too "new" to the credit world. There are of course other factors but this is an option.

For the seller, the prices lowering obviously aren't as ideal as you would hope. Like I have said before, the same goes for you when it comes to sales. There are legal, creative ways to sell your home by seller financing. If the buyer has new credit and can't get financed for the full amount even

Helping Hints For Selling Your Home

There are simple things that you can do while trying to sell your house that will make it more appealing to the buyers out there looking for a new home.

1)Make the most of the space you have.

   Keep in mind that the more "stuff" you have in your home when you are taking photos will make it look smaller. It is better to utilize your space by eliminating clutter before pictures are taken.

2)Landscaping is important.

   Now is the time to do all that yard work you have been putting off all year. The first impression of your home starts on the outside. Don't forget to clean up your yard.

3)Make a clean impression.

  Whatever clutter is left in your home should be neatly put away or stored. You want to let the buyers get a clean and neat impression of your home in their heads. Remember that yours is not the only home they will look at.

4)Fix it up.

  I'm sure that after the wear and tear of the years you have lived in your home that there may be a spot or two that could use a paint job, especially if you have small children (trust me, I know. Crayons are not my best friend). And there is always that leak under the sink. Just remember that most buyers are looking for all of the good and the bad to weigh their decision.

5)Research your marketing and sales options.

  Yes, if you have a Realtor they will have some marketing options available, but don't forget to research what sells. For those of you who are selling your own home make sure to utilize the usual for sale by owner signs but make good use the Internet also, there are plenty of websites for people who are going the for sale by owner route. Be creative, stand out, in this market that is important.

And last but not least, don't forget that you do have options when you sell your home, if the person buying the house can't get qualified for the full amount it's not always because of bad credit, there are plenty of people who can't get qualified for a second credit card or a loan simply because they have new credit which can mean that they could have had 5 years of established credit and never missed a payment but because they have had it for only 5 years the creditors are still wary to give them a new account. Sometimes they want them to have a certain amount of disposable income which the loan they are requesting would allow. For these and other instances you can create a note by doing seller financing for the amount that they cannot get qualified for. This would mean that you would be receiving payments from them until the contract you set is up. I understand that you may just want to cash all at once but this can be remedied too, you see, when you create a note you can also sell that note for a lump sum of cash to a note investor. That is where we come in, for more information go to www.Cash4Cashflows.com/lkent.

For Now

Lauri