Cashin' in on Realestate Contracts

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