Seller financing is a popular way to sell real estate without dropping the price. In fact, builders will often offer financing to sell the properties they’ve built in a difficult market without having to reduce their prices. When the property owner is willing to “carry back” a note many advantages can result:
1. The Seller can get a higher selling price.
2. The property can sell faster.
3. The overall sales closing ratio can increase.
4. The note can generate a steady payment stream for long-term income.
5. If a real estate agent is involved, it allows the agent to collect a commission from a sale that wouldn’t happen through traditional means.
But in order to sell a Property this way, the home owner needs to market the property to a different type of buyer.
Attracting “credit challenged” buyers requires a different strategy to reach a different demographic. The seller must use a more targeted marketing technique, designed specifically for the “unconventional buyer’s market.” And the most effective advertising methods to tap into this distinctly separate pool of buyers might surprise you!
The seller finance solution
More and more home sellers are turning to private financing to sell properties quickly and at the best possible price. Why? Because it’s a great way to attract an untapped group of potential buyers looking to buy a home outside of conventional financing.
Seller financing can put you back in the driver’s seat and turn ANY market into a SELLER’S DREAM!
You see, there is a large percentage of first-time home buyers who cannot get approved for bank funding because of their credit situation. These buyers will often offer to pay even MORE than the asking price for the opportunity to live the American dream of home ownership.
Once you understand a few secrets to seller financing, you’ll know why these “credit challenged” folks can be your “perfect buyers” and provide a positive solution for ALL parties involved…
Seller financing: a powerful tool to sell homes in a stagnant market
Private financing can lead to many more home buyers
Seller financing could help sellers get more money for their property
Sellers could still receive the cash they need when financing the sale of their property
