Docstoc

Don't Sell Your Property Without It

Document Sample
Don't Sell Your Property Without It Powered By Docstoc
					Don't Sell Your Property Without It



Summary:
Learn to stop being cheated, by selling your property yourself.   Here are
the revealing insights that most home sellers don't know about.


Article Body:
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.

				
DOCUMENT INFO
Shared By:
Categories:
Stats:
views:7
posted:4/27/2010
language:English
pages:2
Description: Learn to stop being cheated, by selling your property yourself. Here are the revealing insights that most home sellers don't know about.