Search

Hagen Kuhl

Don’t Sell Your Property without it!

For most people, the prospect of selling their home can be positively daunting. First of all, there are usually plenty of things to do just to get it ready for the market. Besides the traditional clean-up, paint-up, fix-up chores that invariably wind up costing more than you planned, there are always the overriding concerns about how much the market will bear and how much you will eventually wind up selling it for.

Will you get your asking price, or will you have to drop your price to make the deal? After all, your home is a major investment, no doubt a rather large one, so when it comes to selling it you want to get your highest possible return. Yet in spite of everyone’s desire to get the top dollar for their property, most people are extremely unsure as to how to go about getting it. However, some savvy sellers have long known a little financial technique that has helped them to get top dollar for their property. In fact, on some rare occasions, they have even sold their properties for more than they were worth using this powerful financing tool. Although that might be the exception rather than the rule, you can certainly use this technique to get the most money possible when selling your property.

Seller carry-back, or take-back financing, has proven to be a surefire technique for closing deals. Even though most people do not think about when it comes to selling a property, they really should consider using it. According to the Federal Reserve, there are currently over 100 Billion dollars of seller carry-back (seller take-back) loans in existence. By any standard, that is a lot of money. But most importantly, it is also a very clear indication that more people are starting to use seller take-back financing techniques because it offers many financial benefits to both sellers and buyers. Basically, seller take-back financing is a relatively simple concept. A seller-take back loan is created when a property is sold and the seller performs like a lender by assisting in financing all or part of the total transaction. In effect, the seller is actually lending the buyer a certain amount of money toward the purchase price, while a traditional mortgage company usually funds the balance of the purchase price. A seller take-back loan is secured with the property. The loan then becomes the primary mortgage and is fully secured by the property. In most seller take-back financing transactions, the buyer repays the seller with interest in accordance to mutually agreed terms over a period of time. Usually, the terms call for the buyer to send the payments, consisting of principal and interest, on a monthly basis. This is advantageous because it creates a steady monthly cash flow for the note holder. And if the note holder decides to cash out, he or she can always sell the note for a lump sum cash payment.

Regardless of market conditions, seller take-back financing makes sound financial sense; whereas, it provides both buyer and seller with flexible financing options, makes the property easier to sell at higher price and shortens the sales cycle. It also has the added advantage of being an excellent investment that generates a steady cash flow and high return. If you ever need immediate cash, you can always sell the note through our office. If you are planning to sell a property, then consider the many benefits of seller take-back financing.

Featured post

First blog post

This is your very first post. Click the Edit link to modify or delete it, or start a new post. If you like, use this post to tell readers why you started this blog and what you plan to do with it.

Featured post

Feds target luxury real estate wire tran

Feds target luxury real estate wire transfers in money laundering investigation http://ow.ly/Jn8b50dCsWt

The debate around the future of the mort

The debate around the future of the mortgage interest tax deduction continues http://ow.ly/4nbs50dCsWq

Military families struggle to find affor

Military families struggle to find affordable housing – As the number of military personnel stationed overseas continues to decrease, the growing number of military families in the U.S. struggle to find affordable housing. A study conducted last year shows most military members opt out of on base housing and prefer to rent or even own their home. http://ow.ly/eLtE50dCsWs

Low-commission real estate site Open Lis

Low-commission real estate site Open Listings expands to Seattle http://ow.ly/3PE350dCsWr

Everything you need to know about Fannie

Everything you need to know about Fannie, Freddie appraisal-free purchase mortgages http://ow.ly/Tw4650dCsWp

Everything you need to know about Fannie

Everything you need to know about Fannie, Freddie appraisal-free purchase mortgages http://ow.ly/7Iai50dCjBw

As LIBOR phases out, should lenders stil

As LIBOR phases out, should lenders still originate ARMs? – With the looming end to LIBOR coming up as U.K. authorities phase it out over the next five years, it creates a lot of uncertainty around the future of adjustable rate mortgages. LIBOR and ARMs are closely tied together, leaving the industry wondering if they should originate these loans any more. http://ow.ly/D6Ii50dCjBx

CFPB Director Cordray pens New York Time

CFPB Director Cordray pens New York Times Op-Ed in effort to save arbitration rule http://ow.ly/8YuW50dC7nO

Feds target luxury real estate wire tran

Feds target luxury real estate wire transfers in money laundering investigation http://ow.ly/Czo150dC1wb

Create a free website or blog at WordPress.com.

Up ↑