Many people believe that a real estate broker isneeded to sell their house. So they post it witha broker who may or may not sell it and if theydo charge ... fees. One would think thatthat commi
Many people believe that a real estate broker is
needed to sell their house. So they post it with
a broker who may or may not sell it and if they
do charge exorbitant fees. One would think that
that commission would inspire to work harder for
you. In some cases it does. In many others
though, we have heard of houses sitting on the
market for over a year with the realtor only
showing it once.
The next option that you have is to sell it
yourself. But how? Is placing a sign on your
front lawn enough or do you have to spend
thousands in advertising? There is actually a way
to get the ads that you place and the sign on
your lawn to have your phone ringing off the hook
with excited buyers.
That way is owner financing. With the economy
what it is, many individuals’ credit have dropped
making it more difficult to get a bank loan. Many
of them are good people who were laid off for a
while or have had a sickness in the family. They
are back on their feet and ready to buy a house
but don’t have a ton of cash to put up front and
the banks turn them down. This is where you come
in. You are not just selling them a house. You
are their problem solver. Instead of paying
payments to the banks, you can arrange it so that
you are the one who receives a monthly mortgage
payment and the best part is you can demand top
dollar.
Need cash now? Create a note giving you the legal
right to these payments then sell that note for a
lump sum to a note broker. A good note broker
will even show you how to structure your note to
receive top dollar for it.
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