The Advantages of Seller Financing
How Can Seller Financing Help Sell Your Property Quickly
Are you thinking about selling your property TODAY?
Do you need to sell it QUICKLY? Maybe you need ALL of the money NOW, or have relocated or found another house to live.
Has your property been sitting on the market longer than you want?
Do you have interested buyers but they are not qualified for a traditional loan at the bank?
Can you NOT “wait it out” until market conditions improve for it to be easier to sell your property and get what you are looking for?
DO YOU WANT TO SELL YOUR PROPERTY FAST?!?!
If you answered “Yes” to any of the above, then read on.
Creating a Seller Financed Mortgage Note will help you sell your property FASTER in any market…AND you can also walk away with cash in your pocket shortly after closing when you create your note correctly
What is a seller financed mortgage note?
The seller takes on the role of the lender. The seller extends credit to the buyer in order for the buyer to purchase the house.
WHAT IS A SELLER FINANCE NOTE AND HOW IT CAN HELP YOU
The pool of eligible buyers who are qualified to purchase your property with a loan is considerably smaller than it was a few years ago. This is due to the collapse of bank lending from bad loans the bank made. There are now many good buyer/ borrowers out there who cannot obtain a bank loan. There is no place for them to turn. They would love to buy your property!
A Seller Financed Mortgage Note, also known as a promissory note (Note), is a written promise by the buyer of your property to pay a certain amount of money in the future – normally as a series of payments, and its’ payment in full is normally secured by property that you have sold to the buyer, (the property acts as collateral guaranteeing you will be repaid).
You can loan money to your buyer (and become a lender), when you sell your real estate. You do this with seller financing and carry back a Note. You essentially provide them some or all of the money they need to purchase your property or business – with the agreement that they would pay you back with interest. Normally the property acts as collateral on that loan.
SELL YOUR PROPERTY FASTER WITH A NOTE