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

HomeLight raises $40 million to help con

HomeLight raises $40 million to help connect home sellers to real estate agents http://ow.ly/auTu50du7G6

Is Amazon threatening to put a major den

Is Amazon threatening to put a major dent in Home Depot’s business? http://ow.ly/gbhh50du7G4

Century 21 Real Estate names former Zill

Century 21 Real Estate names former Zillow exec Nick Bailey as CEO, president http://ow.ly/uAjz50du7G5

New marketplace launched to simplify rea

New marketplace launched to simplify real estate closings – Qualia, a real estate title and closing platform, launched a new marketplace in order to simplify real estate closings. The company announced its new online platform will allow real estate agents to access vendors and close transactions more efficiently. http://ow.ly/Tgd150du7G3

Kentucky real estate appraiser gets jail

Kentucky real estate appraiser gets jail time for lying about appraisals http://ow.ly/5aD950du7G2

HomeLight raises $40 million to help con

HomeLight raises $40 million to help connect home sellers to real estate agents http://ow.ly/uHBP50dtJDO

These Are the 11 Best Cities for Rosé Lo

These Are the 11 Best Cities for Rosé Lovers – Rosé is every bit as complex and sophisticated as its red and white cousins, so it’s no wonder that both rosé enthusiasts and brand-new bandwagoners are turning to wine experts for help in pinning down their go-to summertime sip. Based on our tabulations of these connoisseurs’ favorite wine bars, plus over 350 phone calls to wine bars to determine their selection, we’ve identified the best cities in the country for explorin… http://ow.ly/nrez50dtqyY

Here’s the No. 1 new home market in the

Here’s the No. 1 new home market in the U.S. – A new report from Metrostudy showed the No. 1 market in the nation for newly built homes. Builders constructed less new homes under $200,000 during the second quarter, however a large increase in homes from $200,000 to $250,000 shows builders are actively battling rising home prices to add more starter homes to the market. http://ow.ly/HyPe50dsNTj

Homebuilders’ confidence rises with dema

Homebuilders’ confidence rises with demand for new homes – Builders continue to face supply-side challenges, such as lot and labor shortages and rising building material costs, however their confidence still increased. Home builders reported a higher confidence level as the demand for newly-built homes continues to rise in August. http://ow.ly/cBoO50dsNTl

Create a free website or blog at WordPress.com.

Up ↑